3411 Ridgewood Ave Edgewater, FL 32141-7228
- Bars
- 2,044 SF
- 1.30 lot acres
Current Use by Public Records
- Tailgatorz / Bar & Grill
Property Details for 3411 Ridgewood Ave
- Year built
- 1955
- Construction
- WOOD
- Lot size
- 1.30 lot acres
- Property size
- 2,044 SF
- Zone code
- B4
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 8412-06-00-0011
- APU
- 841206000011
Description
This exceptional Edgewater, Florida restaurant and real estate offering presents a lucrative investment opportunity. Boasting a 2,044 square foot building on a 1.3-acre lot, this established business generated $1.4 million in gross income with positive cash flow in 2024. The property includes a valuable 4COP liquor license, indoor and outdoor bars, pool tables, over 15 TVs, and a fenced outdoor area perfect for live music and events. Built in 1955 and renovated in 2018, the single-story Class B building sits on a major thoroughfare, close to the ocean, in a high-growth residential area with a loyal customer base. The trained staff is included in the sale. The property is zoned B-4W and offers an owner-operator opportunity. This turnkey operation is being sold as a sole ownership and is 100% occupied. The asking price is $1,750,000, representing $856.16 per square foot. Don't miss this chance to acquire a thriving business with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $540,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $640,000
- Geo Method
- $575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $610,000
- Retail
- $580,000
- Mixed-Use
- $650,000
- Hospitality
- $665,000
- Educational
- $570,000
- Residential Income
- $650,000
- Energy
- $670,000
- Income-Based Land
- $565,000
- Food Service
- $515,000
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.881
- Latitude
- 28.9412
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA