790 Atlantic AveOrmond Beach, FL 32176

Property Details for 790 Atlantic Ave

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.87 AC

Property size (Sq ft)

4,011 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4224-01-04-0120

APU

422401040120

Description

This exceptional turnkey restaurant and bar opportunity is located at 790 S Atlantic Avenue and sits on a 0.87-acre lot (APN 4224-01-04-0120). The property features a single-tenant, 6,575 square foot building ideal for immediate occupancy. The main level offers ample space for dining, with a bar, restrooms, a liquor room, kitchen, prep area, storage rooms, and separate freezer and refrigerated areas (each 10x20 feet). This level comfortably accommodates approximately 80 patrons and includes ADA-compliant handicap access. Upstairs, a spacious deck provides additional seating for approximately 180 guests, complete with its own bar, restrooms, and a convenient dumbwaiter for efficient service. The sale includes a comprehensive list of existing equipment, making this a truly turnkey operation. This property presents a rare opportunity to acquire a well-established and fully equipped restaurant and bar in a prime location. The property is zoned for commercial use and is currently configured as a bar and restaurant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,650

  6.5%

  $926,446

  7%

  $860,271

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,128,325

  Geo Method

  $1,128,325

• Alternative Use

  Use

  Valuation

  Residential

  $781,492

  Hospitality

  $715,842

  Educational

  $595,572

  Medical

  $616,055

  Retail

  $926,446

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2719

Longitude

-81.0308

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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