Restaurant Building on Corner
2309 S Ridgewood Avenue, South Daytona, FL 32119
New
COMMERCIAL - South Daytona, FL
Property size:
2,170 SFLot size:
0.91 AcresPrice / SF:
$179/SF- Added:
- Jun 30, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 1 at 11:06 am
Property Features for 2309 S Ridgewood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Off Street
- Standard status
- Active
- APN
- 5344-13-00-0460
- Size
- 2,170 SF
- Lot size
- 0.91 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 46 & 47 & LOTS 49 & 50 EXC N 55 FT WEST SHORE PARK SEC 4 EXC PART IN SR 5 MB 9 PG 289 PER OR 4476 PG 0371 PER OR 6784 PG 0864 PER OR 6793 PG 2671 PER OR 8626 PG 1312
- Tax Annual Amount
- 4754
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Terrazzo, Carpet, Tile
- Building materials
- Block, Stucco
- Roof type
- Metal, Membrane, Mansard
Listing agent Carl Velie (386) 679-4080
Listing office Coastal Realty of Volusia County 165 Windward Cir, Ormond Beach, FL (386) 679-4080
Listing date Jun 30, 2026
MLS# 1228116
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
- 2,170 SF one‑story CB building (Year built 1954) on a .916‑acre cleared site
- Fronts both US‑1 (S Ridgewood Ave.) and South Palmetto, with an existing DOT‑approved curb cut to US‑1
- Building previously housed an 80‑seat restaurant; remaining items include restaurant and kitchen equipment plus a walk‑in cooler
- Roof materials include membrane, metal, and mansard; flooring includes carpet, tile, and terrazzo
- Utilities: public water available and public sewer
- Parking: off‑street parking; sold “As Is” with no warranties
Overview
An older, one-story commercial building totaling 2,170 square feet sits on a cleared 0.91-acre site. The property previously operated as an 80-seat restaurant and includes existing restaurant equipment, including kitchen equipment, as well as a walk-in cooler. The sale is being offered “As Is” with no warranties.
The site is located on the northwestern corner of the property and fronts both US-1 (S Ridgewood Ave.) and South Palmetto. An existing DOT-approved curb cut to US-1 is in place, providing direct access from the main thoroughfare. The property’s lot is cleared, supporting straightforward reuse or redevelopment.
This offering suits buyers who want an operating restaurant-ready setup with key kitchen components remaining on-site. It may also fit an investor or operator considering redevelopment, as credits for County road impact fees and City water/sewer impact fees are available if the building is razed and a new structure is constructed on site. No warranties are provided, so prospective purchasers should conduct their own due diligence regarding building condition and any future operating or construction plans.
The site is located on the northwestern corner of the property and fronts both US-1 (S Ridgewood Ave.) and South Palmetto. An existing DOT-approved curb cut to US-1 is in place, providing direct access from the main thoroughfare. The property’s lot is cleared, supporting straightforward reuse or redevelopment.
This offering suits buyers who want an operating restaurant-ready setup with key kitchen components remaining on-site. It may also fit an investor or operator considering redevelopment, as credits for County road impact fees and City water/sewer impact fees are available if the building is razed and a new structure is constructed on site. No warranties are provided, so prospective purchasers should conduct their own due diligence regarding building condition and any future operating or construction plans.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $21.96 |
| − Vacancy | −$3.7k | −$1.71 |
| EGI | $43.9k | $20.25 |
| − OpEx | −$11.0k | −$5.06 |
| NOI | $33.0k | $15.19 |
2,170 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$470.7K
$411.9K – $549.2K
NOI $32,952 @ 7.0% cap · market cap 8.45%
Second Best
Industrial
$184.6K
$161.5K – $215.3K
NOI $12,919 @ 7.0% cap · market cap 3.31%
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 local authorities.
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
Location Insight
- Map
- Local Demand
- City
- South Daytona
- County
- Volusia
- State
- Florida
- Longitude
- -80.999513
- Latitude
- 29.168489
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Two-story? no—single-story restaurant building on a cleared corner lot with existing kitchen equipment and a DOT-approved curb cut.
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 (Year built 1954) on a .916‑acre cleared site; Fronts both US‑1 (S Ridgewood Ave.) and South Palmetto, with an existing DOT‑approved curb cut to US‑1; Building previously housed an 80‑seat restaurant; remaining items include restaurant and kitchen equipment plus a walk‑in cooler
