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    Former Saloon Ready for Revival Title is generated by Realmo AI

    1903 S Ridgewood Avenue, South Daytona, FL 32119

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    For Sale
    $500,000

    COMMERCIAL - South Daytona, FL

    Property size:
    3,472 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $144/SF
    Added:
    May 15, 2026
    Days on Market:
    9
    Last Refresh:
    May 23 at 7:06 am

    Property Features for 1903 S Ridgewood Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5344-16-00-0412
    Size
    3,472 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    W 200 FT E OF R/W OF LOT 41A BLAKE PER OR 2944 PG 0265 & N 112 FT EXC E 225 FT OF HOTEL GROUNDS E OF RIDGEWOOD AVE BLAKE PER OR 5039 PG 4439 PER D/C 5358 PG 3357 PER OR 5749 PGS 2095-2096 PER OR 5893 PGS 2367-2368 & OR 6794 PG 2526 PER OR 7117 PGS 2074-20
    Tax Annual Amount
    8796

    Building Details

    Year built
    1964
    Building materials
    Block

    We can help!

    Listing Contact
    Michael Williams

    Listing agent Michael Williams

    Listing office Realty Pros Assured 301 Dunlawton Ave., Ormond Beach, FL

    Listing date May 15, 2026

    MLS# 1226461

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with 219 feet of highly visible US‑1 frontage on approximately 1 acre.
    • 3,700+ SF building with flexible layout suitable for various nightlife, restaurant, or entertainment concepts.
    • City is motivated to work with new ownership to facilitate a quick business launch.
    • Exceptional potential for outdoor seating and patio expansion.
    • Dedicated rear area ideal for a commercial kitchen, expanded dining, private events, or additional entertainment.
    • Recent property improvements including fire inspection updates, parking lot resurfacing/coating, and flat roof replacement/redo.

    Overview

    This property, formerly the Hitching Post Saloon, presents an opportunity for a new nightlife venue, restaurant, bar, or entertainment concept. The property has been recently cleaned out and refreshed. The building offers over 3,700 square feet of space with a flexible layout. A dedicated rear area is suitable for a commercial kitchen, expanded dining space, private events, or additional entertainment use. There is potential for outdoor seating and patio expansion. Included in the sale is an adjacent lot, bringing the total parcel size to approximately 1 acre with 219 feet of frontage on US-1. Recent property improvements include fire inspection updates, parking lot resurfacing, and flat roof replacement. The location offers exposure and accessibility for attracting local and passing traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Fabulous Shoebox Saloon — 1903 S Ridgewood Ave, South Daytona, FL 32119
    • Marks Sports Pub — 2045 S Ridgewood Ave, South Daytona, FL 32119
    • Crooks Den — 561 Beville Rd, Daytona Beach, FL 32114

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0285
    Latitude
    29.1477

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    FAQs

    What type of property is this?
    Bar & Pub - 3,700+ SF building on 1 acre in South Daytona.
    Where is this bar & pub located?
    The property is located at 1903 S Ridgewood Avenue South Daytona, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Prime location with **219 feet of highly visible US‑1 frontage** on approximately 1 acre.; **3,700+ SF building** with flexible layout suitable for various nightlife, restaurant, or entertainment concepts.; City is motivated to work with new ownership to facilitate a quick business launch.
    (386) 689-2462
    We can help!
    Listing Contact
    Michael Williams
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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