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    Property profile & analytics

    2309 S Ridgewood Ave Daytona Beach, FL 32119

    • Turn key restaurants
    • 2,170 SF
    • 0.92 lot acres
    For Sale
    View listing
    $370,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-0696072
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • El Salvador Tex-Mex / Restaurant / Central American Restaurant

    Property Details for 2309 S Ridgewood Ave

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    2,170 SF
    Zone code
    BA
    Property type
    Turn key restaurants
    APN
    5344-13-00-0460
    APU
    534413000460

    Description

    This exceptional investment opportunity presents a 2,170-square-foot restaurant building situated on a 0.916-acre lot in South Daytona, Florida. Located at 2309 S Ridgewood Avenue, the property boasts a highly visible corner location fronting both US-1 (S Ridgewood Avenue) and South Palmetto Avenue, ensuring significant exposure. Built in 1954, the single-story building previously housed an 80-seat restaurant and includes all existing restaurant equipment, including kitchen equipment and a walk-in cooler. The property is being sold "As Is" with no warranties. However, significant redevelopment potential exists. Should the existing structure be demolished, the site offers credits for both County Road Impact Fees and City Water/Sewer Impact Fees, streamlining the construction of a new building. Furthermore, a pre-approved curb cut to US-1 is already in place. The lot size is a generous 39,900.96 square feet, offering ample space for various uses. This property presents a unique chance to acquire a well-located commercial space in a thriving area, ideal for either continued restaurant operation or complete redevelopment. The asking price is $385,000. The property is zoned for commercial use and is located in Volusia County, Florida, zip code 32119.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $160,000
      6.5%
      $165,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $145,000
      Mixed-Use
      $160,000
      Hospitality
      $140,000
      Educational
      $155,000
      Residential Income
      $145,000
      Energy
      $175,000
      Income-Based Land
      $140,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -80.9995
    Latitude
    29.1685
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,784
    $124,697
    $113,628
    $238,325
    -
    $124,697
    $113,628
    $238,325

    Comparable in this City

    • Value Estimation
      $255,000
      3,870 SF

      2225 Ridgewood Ave

      RESTAURANT • 3,870 SF
      2225 Ridgewood Ave, South Daytona, FL 32119-3017
      View Details
    • Value Estimation
      $310,000
      1,150 SF

      1780 Nova Rd Ste, Unit 13

      RESTAURANT • 1,150 SF
      1780 Nova Rd Ste, South Daytona, FL 32119-1777
      View Details
    • Value Estimation by Request
      3,430 SF

      1815 Ridgewood Ave

      RESTAURANT • 3,430 SF
      1815 Ridgewood Ave, South Daytona, FL 32119-2236
      View Details
    • Value Estimation by Request
      2,253 SF

      2450 Ridgewood Ave

      RESTAURANT • 2,253 SF
      2450 Ridgewood Ave, South Daytona, FL 32119-3024
      View Details
    • Value Estimation
      $275,000
      1,150 SF

      1780 Nova Rd Ste, Unit 12

      RESTAURANT • 1,150 SF
      1780 Nova Rd Ste, South Daytona, FL 32119-1777
      View Details
    • Value Estimation
      $275,000
      5,116 SF

      2055 Ridgewood Ave

      RESTAURANT • 5,116 SF
      2055 Ridgewood Ave, South Daytona, FL 32119-2240
      View Details

    Similar Nearby for Sale

    • $240,000
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      Established Diner For Sale

      Turnkey restaurant with a strong local reputation and steady traffic.
      964 Reed Canal Rd, Daytona Beach, FL 32119
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    • Contact for pricing
      2,000 SF

      Established Pizzeria Restaurant For Sale

      Turn-key pizzeria restaurant with upgrades and expansion potential.
      2018 S Ridgewood Ave, Daytona Beach, FL 32119
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    • $370,000
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      South Daytona Restaurant Opportunity

      Restaurant building on a large lot with equipment included.
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    • $595,000
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      South Daytona Retail Property

      Prime renovated storefront, ideal owner-user.
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    • $1,990,000
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    • $799,000
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    Similar Nearby for Lease

    • $17 SF/Yr
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      Big Tree Plaza Retail Space

      Prime Retail Space, US Hwy 1
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    • $5,100 /Mo
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      South Daytona Office Suites For Lease

      Prime Office Space, Flexible Sizes Available
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    • $13,376 /Mo
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      South Daytona Mixed-Use Commercial Building

      14,368 SF mixed-use building for lease in South Daytona.
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    • $3,170 /Mo
      2,200 SF

      Retail Space in South Daytona

      2,200 SF retail space available in established plaza.
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    • $18 SF/Yr
      1,913 SF

      South Daytona Retail Space for Lease

      Prime Retail Space, 1913 sq ft, Flexible Lease
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    • $20 SF/Yr
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      Prime Retail Space, Ridgewood Ave

      11,641 SF Newly Renovated Retail Building
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      View Details
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    2309 S Ridgewood Ave
    Daytona Beach, FL 32119
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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
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