$2,650,000

5236 S Ridgewood Avenue

Port Orange FL, 32127

Description

D-Y-N-A-M-I-T-E Destination! World Famous "First Turn Steakhouse''! 3 Sports Bars, Inside/Outside Venues, Priceless Memorabilia & Prime Location. The Steakhouse has a bar, multiple TVs & bar/table seating. 2 outdoor Sports Bars have covered bar/table seating w/huge entertainment area. Two options are available: 1) Opportunity to purchase a "Turn-Key" business on 2.38 acres w/additional lease opportunities. Excellent cash flow & profitability. Business, land & building sale includes: Type 4COP+Package Liquor License, tenant lease income, business name, good will, signs, furniture/fixtures & equipment w/All NASCAR & Biker memorabilia & dcor, current business income of 2M+ annually plus opportunity for an additional $34,000+ from rental units. The restaurant is 5,125 sq. w/a modern up-dated kitchen, multiple bar refrigerators/equipment. 2nd floor is 2,085 sq. of offices/storage. "Tiki" Bars (2) are surrounded by 3,020 sq. of covered outdoor space. $2,650,000 2) Opportunity to purchase a "Turn-Key" restaurant/bar business & lease the buildings/land. Current restaurant (5,125 sq.) business income is 2M+/annum w/2,085 sq. of offices/storage on the 2nd floor. Separate "Tiki" Bars (2), surrounded by 3,020 sq. of covered outdoor space. Land is 2.38 acres w/tenant income opportunities of $34,000+/annum. Business sale includes: Type 4COP+Package Liquor License, lease income, business name, furniture/fixtures/equipment w/all NASCAR & Biker memorabilia & dcor, up-dated kitchen, multiple refrigerators & additional lease opportunities. Parking areas for 200 vehicles or 2,000 motorcycles. 3 entrances, 2 on US-1 (506 Frontage) & 1 on Commonwealth. $650,000 Corner lot. High visibility/traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (RD permitted uses in Supplements section). Financials available to qualified buyers w/proof of funds, an acceptable offer & signed NDA.

Details

MLS#1061740
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1930
Days On Site37

Features

SQ Feet11,284
Story(s)1
ZoningRD
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Area Information
StateFL
CountyVolusia
CityPort Orange
Zip Code32127
AreaVolusia
Listing VS Median (in 32127)
Price:
$2,650,000
low | high
Med:
$600,000
100% of Average
SqFt:
11,284
low | high
Med:
6,746
90.220666430344% of Average
$ / SqFt:
$235
low | high
Med:
$153
84.678253584222% of Average
On Site:
37
low | high
Med:
23
100% of Average
Listing Updated: January 17, 2021 8:01:30 PM PST
Arnold Traub LogoMLS Number: 1061740
Listing Provided By:
Arnold Traub  of  The Barnett Group Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the New Smyrna Board of Realtors.