$849,000
5236 S Ridgewood Avenue
Port Orange, FL 32127
MLS# 1063695
11939 sqft


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Property Description
BUSINESS SALE - The original First Turn Steakhouse & Sportsbar business with guranteed lease of property. 25,000+ DAILY VEHICLE COUNT! A must stop location for both locals and visitors, the business draws upon a year round series of events and local music performers. Food, drink, entertainment are all part of the mix all year. This opportunity to purchase just the business with a lease of buildings & land is perfect for anyone seeking an immediate excellent cash flow and profitability. Indoor and outdoor live entertainment stages. Included in the business sale - Type 4COP+Package liquor license, lease income from tenants, business name, good will, signs, decor, furnishings, equipment and long term lease of buildings and property.

Details
Maps
Contract Information
Listing Date: 2019-10-23
List Price: $849,000
Current Price: $849,000
List Price/SqFt: 71.11
List Price/Acre: 356722.69
As Is Cond: Yes
Location, Tax & Legal
Area: 21 - Port Orange S of Dunlawton, E of 95
Street #: 5236
Compass: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State/Province: FL
Zip Code: 32127
Year Built: 1930
Style: Business Opportunity
Tax ID: 6310-07-14-0100
Homestead Exempt: No
Directions: Dunlawton East to Ridgewood, South to Commonwealth Blvd
General Property Description
Per Month $: 12500
Business Income/Oppty: Restaurant
Lease Type: Triple Net
Commercial Property Name: First Turn
Financial Package: No
% Occupancy: 100
Base Lease: 12500
# Parking: 200
SqFt - Total: 103708
Living Area: 11939
SqFt Source: Property Appraiser
A/V Surveillance: No
Acreage: 2.38
Lot Size: 530' x 238' x 150' x 475' x 238'
Zoning: Other
Zoning (Text): Club, Auto, Store
Road Frontage: 530
Depth: 238
Special Contingency: No
Highway Access: Corner
Rail Access: No
Road Type: 4-lane
Current Use: Steakhouse/Sportsbar
Current # Tenant: 4
Ceiling Height: 10
Franchise Opt In: No
Status Change Info
Status: Active
Income/Operating Inc
Gross Income: 2000000
Meters
# Electric Meters: 4
# Water Meters: 4
SqFt
Office SqFt: 2085
Retail SqFt: 5125
Occupied SqFt: 11939
Property Features
Business Type: See Remarks
Bldg Type/Location: Attached; Commercial; Free Standing; Mixed Use; Office Building; See Remarks
Access/Transport: 4 Lane; Divided; State Highway; US Highway
Construction: Concrete Block; Metal; Stucco; Wood Frame
Air Conditioning: Central; Mixed; Wall/Window Units; Zoned
Heating: Central; Mixed; Wall/Window Units; Zoned
Sewer: Public Sewer
Interior Improvement: Display Window; Ground Level Door; Kitchen Facility; Private Restrooms; Public Restrooms; Security System
Site Improvements: Curb/Sidewalks; Gutters; Outbuilding; Pole Sign; Security Fencing
Utilities on Site: 220 Volt Svc; 440 Volt Svc; Three Phase; Underground
Possible Use: Bar/Tavern; General Office; Restaurant
Roof: Metal
Documents/Disclosure: Appraisal
Ceiling Height: 7 - 10 Feet High; 11 - 14 Feet High; Varied Height
Parking: Lighted; Lot
Lease Provisions: 3 - 5 Years; Optional Purchase; Renewal Option; Tenant May Sublet
Included in Sale: Beer/Wine License; Business Name; Equipmen/Machinery; Fixtures; Furniture; Good Will; Lease (Building); Lease (Land); Lease with Option; License; Liquor License; Signs - Owned
Supplements
The property lease offered with the business sale includes approx $4K+ income from rental units on property. Other buildings available for lease to add more income. Property financials available to qualified parties with signed NDA.

Listing Office: Watson Realty Corp.

Last Updated: October - 29 - 2020

Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.

Wednesday 25th of November 2020 05:11 PM

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