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Property profile & analytics
FOR SALE
Turn key restaurants

2309 S Ridgewood Ave South Daytona, FL 32119

2,170 SF 0.92 ac lot Built 1954
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-0696072
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,170 SF
Lot 0.92 ac (39,903 SF)
Zoning code BA
APN 5344-13-00-0460
UPID US18-0696072
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
Alexandra L Schouten · 1 yrs held
Alexandra L Schouten
since 2024
6 recorded transactions
2024
Price N/A
2012
Price N/A
1999
$225,000
1998
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BA · South Daytona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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