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    3635 Ridgewood Ave Edgewater, FL 32141

    For Sale
    $1,399,999

    Established nightclub, 1.31 acres, Florida.

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents the chance to acquire Lucille's Silver Spurs Country & Western Lounge, a well-established and remodeled nightclub in Edgewater, Florida. Situated on a 1.31-acre lot at 3635 S Ridgewood Ave, 32141, this property boasts excellent visibility and ample parking. The main building offers 1,500 square feet of climate-controlled space, complemented by a spacious rear patio. Included in the sale is a valuable 4-COP Quota alcoholic beverage license, estimated at a fair market value of $350,000. The sale also encompasses existing furniture, fixtures, and equipment. Note that the pool table and jukebox are subject to a 50/50 split with amusement vendors. This is an "as-is" sale of the real estate, license, and furnishings

    Property Features for 3635 Ridgewood Ave

    General Information

    Property type
    Investment properties
    Square Feet
    1,500 SF
    Lot Size
    57,064 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • Exceptional investment opportunity: Lucille's Silver Spurs Country & Western Lounge, a remodeled nightclub in Edgewater, FL.
    • 1.31‑acre lot with excellent visibility and ample parking at 3635 S Ridgewood Ave, 32141.
    • 1,500 sq ft climate‑controlled building plus spacious rear patio.
    • Includes valuable 4‑COP alcoholic beverage license (estimated $350,000 FMV).
    • FF&E included; pool table and jukebox subject to vendor split.
    • As‑is sale of real estate, license, and furnishings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.8778276
    Latitude
    28.933981

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    FAQs

    What type of property is this?
    Investment property - Established nightclub, 1.31 acres, Florida.
    Where is this investment property located?
    The property is located at 3635 Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $1,399,999.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Lucille's Silver Spurs Country & Western Lounge, a remodeled nightclub in Edgewater, FL.; 1.31-acre lot with excellent visibility and ample parking at 3635 S Ridgewood Ave, 32141.; 1,500 sq ft climate-controlled building plus spacious rear patio.
    (305) 595-9522
    Request Owner's contact information
    3635 Ridgewood Ave Edgewater, FL 32141
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    Edgewater, FL 32141
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    3635 Ridgewood Ave Edgewater, FL 32141
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