5236 S Ridgewood Avenue

Port Orange, FL 32127

About this property

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.

Date Listed
December 12, 2020
Listing Status
Active
Days On Site
45
MLS#
1061736

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Industrial
Sub-Type
Resale
Year
1930
Zoning
RD
Square Feet
11,284
Units
0
Story(s)
1
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$650,000 Active
11,284 SQFT

Presented By Coldwell Banker Coast Realty

Port Orange

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