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Property profile & analytics
FOR SALE
Turn key restaurants
2017 S Ridgewood Ave, South Daytona, FL 32119
Entity Owned
Free & Clear
Property ID
US18-5336304
For Sale
1 / 25
$450,000
2017 S Ridgewood Ave, South Daytona, FL 32119
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Property summary
AI-generated overview
This exceptional turn-key business opportunity presents a well-established restaurant and bar in South Daytona, Florida. Located at 2017 S Ridgewood Avenue, this property boasts 2,519 square feet of space situated on a generous 13,277.09 square foot lot. The building, constructed in 1955, has served as a popular dining destination since 1985, known for its prime rib, steaks, seafood, and contemporary American cuisine. The sale includes the business, building, and land, offering a complete package for a prospective buyer. With a seating capacity of 73 guests and 75 feet of frontage on US 1, this establishment benefits from high visibility and significant foot traffic. The property's prime location in a bustling area ensures a consistent customer base. This is a rare chance to acquire a thriving, fully equipped restaurant and bar with a proven track record in a desirable location. The asking price for this exceptional opportunity is $465,000. This represents a significant investment in a well-established business with substantial growth potential. The property is categorized as retail and mixed-use.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,267 SF
Lot
0.3 ac (13,275 SF)
Zoning code
BR
APN
5344-15-00-0021
UPID
US18-5336304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chen & Lu Enterprise LLC
Chen & Lu Enterprise LLC
since 2025
Last sale
$365,000
3 recorded transactions
Zoning & alternative use
BR · South Daytona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Daytona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Daytona submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,350
Tax year 2023
Assessed value
$332,334
Assessed 2023
Previous assessed
$282,213
+17.8% YoY
Effective rate
1.91%
On assessed value
Assessed land
$82,969
Assessed improvement
$249,365
Land market value
$82,969
Improvement market value
$249,365
Total market value
$332,334
Applied tax rate
401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
2,267 SF
Lot
0.3 ac (13,275 SF)
Zoning code
BR
APN
5344-15-00-0021
UPID
US18-5336304
Jurisdiction
VOLUSIA
Zoning & alternative use
BR · South Daytona, FL
Zoning BR · permitted uses
BR · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Daytona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Chen & Lu Enterprise LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2219 SHERWOOD DR, SOUTH DAYTONA, FL 32119-2913
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
$365,000
Chen & Lu Enterprise LLC
Jerry Rigged INC
Warranty Deed
—
Jun 3, 2021
$450,000
Jerry Rigged INC
M M H Of Volusla County INC
Warranty Deed
$2,029 · Mmh Of Volusia County INC
May 20, 1997
$200,000
M M H Volusia County INC
Webber,william J
Grant Deed
$144,000 · Southtrust Bank Florida NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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