$2,000,000

5236 S Ridgewood Avenue

Port Orange FL, 32127

Description

D-Y-N-A-M-I-T-E LOCATION! RARE Opportunity to purchase 2.38 Acres of Commercial land (5 adjacent parcels). PRIME location on the corner of US-1 (Ridgewood Avenue) and Commonwealth Blvd. with ingress and egress from both roadways. Frontage on US-1, 506 feet, features 2 entrances/exits and frontage on Commonwealth Blvd. provides 1 entrance/exit. The land purchase includes 7 buildings, including a 7,210 square feet (5,125sf on the 1st Floor & 2,085sf on the 2nd Floor) main building. There is also a 365sf building and a 196sf Gazebo (surrounded by 3,020sf of decking & covered by 3,048sf of canopies); a 2,800sf Building (retail space); a 794sf building and 2 Storage/Utility Buildings (240sf & 120sf). A world famous year-round location for great food & entertainment and a popular NASCAR & Biker destination, hosting many events annually. Strategically located on a corner lot with high visibility & traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Commonwealth Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (List of approved/permitted development use is attached in the Documents Section). Abundant parking areas can accommodate approximately 200 vehicles or 2,000 motorcycles. Land and buildings can also be purchased with the business assets for an additional $650,000. Business financials are available to qualified buyers/investors with proof of funds, an acceptable offer and a signed NDA. The Original First Turn Steakhouse & Sports Bar business was founded by the current owners in 1984 and has been at this location since 1988.

Details

MLS#1061784
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1930
Days On Site32

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:
$2,000,000
low | high
Med:
$1,132,500
93.375% of Average
SqFt:
11,284
low | high
Med:
3,290
100% of Average
$ / SqFt:
$177
low | high
Med:
$380
64.429176755448% of Average
On Site:
32
low | high
Med:
179.500000
17.827298050139% of Average
Listing Updated: January 14, 2021 8:01:37 PM PST
Arnold Traub LogoMLS Number: 1061784
Listing Provided By:
Arnold Traub  of  The Barnett Group Inc.
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