2309 S Ridgewood Ave South Daytona, FL 32119
For Sale
1 / 21
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BA · South Daytona, FLSouth Daytona. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.