Restaurant Property with Kitchen
2309 S Ridgewood Avenue, South Daytona, FL 32119
For Sale
$390,000
Dining and kitchen equipment remain in place, including a walk-in cooler.
Property Size2,170 SF
Lot Size0.92 Acres
Price / SF$179.72
Days on Market131
Property Features for 2309 S Ridgewood Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Equipment Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Coastal Realty of Volusia County
Listed By:
Carl Velie
(386) 679-4080
Source:
Coastalventures
Added: Jun 30
Changed: Nov 7
Last Checked: Nov 6 at 2:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Realty of Volusia County
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Investment Insights
Based on property information with market context.
The property includes a 2,170 SF, one-story CB building constructed in 1954. Previously configured for an 80-seat restaurant, it retains restaurant and kitchen equipment, along with a walk-in cooler. The building is being sold as is, with no warranties.
The structure sits on a cleared 0.916-acre site at the northwestern corner of US-1 (S Ridgewood Avenue) and South Palmetto, with frontage on both roads. An existing DOT-approved curb cut provides access to US-1. If the building is removed and replaced, credits for County Road Impact Fees and City Water/Sewer Impact Fees are available.
The structure sits on a cleared 0.916-acre site at the northwestern corner of US-1 (S Ridgewood Avenue) and South Palmetto, with frontage on both roads. An existing DOT-approved curb cut provides access to US-1. If the building is removed and replaced, credits for County Road Impact Fees and City Water/Sewer Impact Fees are available.
Key Highlights
- 2,170 SF, one‑story CB building built in 1954
- Restaurant layout previously accommodated 80 seats
- Kitchen equipment and walk‑in cooler remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,952
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,040
$659.0K
Cap Rate 7%
$470,743
$470.7K
Cap Rate 9%
$366,133
$366.1K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$47.7K $21.96/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$43.9K $20.25/SF
− OpEx
−$11.0K −$5.06/SF
NOI
$33.0K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,040
Cap Rate 7%
$470,743
Cap Rate 9%
$366,133
Alternative Uses
Best Use
Specialty Retail
$470.7K
$411.9K – $549.2K
NOI $32,952 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$639.8K
$559.9K – $746.5K
NOI $44,789 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 34%
Groceries 30%
Beauty & Spa 1%
Walmart Neighborhood Market
Groceries
36,311 visits/mo
0.4 miles
McDonald's
Dining
25,136 visits/mo
0.5 miles
7-Eleven
Shops & Services
11,686 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
11,531 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,606 visits/mo
0.4 miles
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Volusia County, FL
Properties on Market for Conventional restaurants in Volusia County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dining and kitchen equipment remain in place, including a walk-in cooler.
Where is this conventional restaurant located?
The property is located at 2309 S Ridgewood Avenue South Daytona, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,170 SF, one‑story CB building built in 1954; Restaurant layout previously accommodated 80 seats; Kitchen equipment and walk‑in cooler remain
