$2,800,000
5236 S Ridgewood Avenue
Port Orange, FL 32127
MLS# 1063734
11939 sqft


Corner Ridgewood & Commonwealth
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Property Description
PROPERTY & BUSINESS SALE - The original First Turn Steakhouse & Sports Lounge. PROPERTY & business with WELL ESTABLISHED customer base on 25,000+ DAILY VEHICLE COUNT! US 1. Land is 2.38 acres. Buildings over 11,000 sqft under roof.. (Five Tax ID's)allows for different expansion) 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 everything buildings & land is perfect for anyone seeking an immediate excellent cash flow and profitability in high growth area. Indoor and outdoor live entertainment stages. NOTE: There are FIVE (5) separate tax ID's in this purchase. See more below -

Details
Maps
Contract Information
Listing Date: 2019-10-23
List Price: $2,800,000
Current Price: $2,800,000
List Price/SqFt: 234.53
List Price/Acre: 1176470.59
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: Comm-Land & Bldg Incl
Tax ID: 6310-07-14-0100
Homestead Exempt: No
Directions: Dunlawton East to Ridgewood, go South to corner Ridgewood & Commonwealth
General Property Description
Business Income/Oppty: Restaurant
Commercial Property Name: First Turn
# Parking: 200
SqFt - Total: 103708
Living Area: 11939
SqFt Source: Property Appraiser
A/V Surveillance: No
Acreage: 2.38
Lot Size: 530 x 81 x 150 x 475 x 238
Zoning: Other
Zoning (Text): Club, A
Depth: 238
Special Contingency: No
Highway Access: US 1, Commonwealth
Rail Access: NO
Road Type: 4-Lane
Current Use: Rest & Sports Bar
Current # Tenant: 4
Ceiling Height: 1012
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: 3000
Retail SqFt: 5000
Warehouse SqFt: 1300
Property Features
Business Type: Retail
Bldg Type/Location: Commercial; Free Standing; Mixed Use; Office Building; Strip Store
Access/Transport: 4 Lane; Interchange; State Highway; US Highway
Construction: Concrete Block; Metal
Air Conditioning: Central; Mixed
Heating: Central
Sewer: Public Sewer; Storm Sewer
Interior Improvement: Private Restrooms; Public Restrooms
Site Improvements: Curb/Sidewalks; Gutters; Pole Sign
Utilities on Site: 440 Volt Svc; Three Phase
Possible Use: Bar/Tavern; General Office; Restaurant
Roof: Asphalt; Metal
Ceiling Height: 7 - 10 Feet High; 11 - 14 Feet High
Parking: Lighted; Lot
Included in Sale: Beer/Wine License; Building; Business Name; Corporation; Equipmen/Machinery; Fixtures; Furniture; Good Will; Land; License; Liquor License; Signs - Owned
Supplements
Included in the sale - Type 4COP+Package liquor license, lease income from tenants, business name, good will, signs, decor, furnishings, equipment, buildings and property. on 2.38 acres of prime commercial property. Indoor steakhouse has bar and entertainment area, multiple wide screen TVs with plenty of seating at bar and tables. Outdoor sportsbar ias both inside covered bar seating, outside covered bar seating and huge entertainment area for live music. Property also contains three apartments for lease and multiple storage buildings. There are three retail shops for rentals and a detached building for independent rent or lease. Parking can handle 200 vehicles or approximately 2,000 motorcycles. Two entrances on US Hwy 1 and one on Commonwealth allow plenty of access for customers. Modern up dated kitchen, detached refrigeration unit, multiple bar refrigerators and food equipment to handle the largest events are all included in the sale. All NASCAR & Biker decorations are part of the sale along with furnishings and fixtures. Complete financials are available to qualified buyers with proof of funds and acceptable offer. Five Tax ID's Included in Purchase are - 631007140100, 631007140070, 631007140050, 631007140020 & 631007140090 Escrow will be held by Watson Realty Corp, 808 Dunlawton Ave, Port Orange, FL 32127 Ph 386-767-2890. Title Closer will be Watson Title Services, Inc.

Listing Office: Watson Realty Corp.

Last Updated: March - 26 - 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.

Monday 6th of April 2020 07:12 AM