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Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 1,957 sqft
Price per Sqft $217
Subdivision Not In Subdivision
MLS Listing ID 1225251
Sold Date 08/14/26
Year Built 1976
Annual Tax Amount $6,557
Lot Size 0.540 Acres
Lot Dimensions 0.54
Property Sub-Type Business
Source Daytona Beach Area Association of REALTORS®
Property Description
Opportunity to acquire income-producing investment with a solid lease already in place with a recognized national chain take-out restaurant. Whether you're an investor seeking investment returns or looking to add a low-maintenance asset to your portfolio, this property delivers strong fundamentals: high-traffic location, quality construction, and a proven national tenant already in place. Located on high-visibility corner lot on US-1 / Ridgewood Ave - one of the busiest corridors in the area with an Annual Average Daily Trip (AADT) of 27,000 and excellent accessibility with a bi-directional median cut. Low maintenance brick commercial building on a corner lot that is nicely landscaped with underground utilities and a newly resurfaced parking lot. The sale includes the building and both parcels with approximately 200' of Ridgewood Ave. frontage. The property is located in the CRA District as well as the Opportunity Zone. The active lease is fully transferable, providing income cash flow with a nationally recognized tenant. The business operations, equipment, and inventory are owned by the restaurant and are not included in the sale. Information is assumed accurate but not guaranteed.
Location
State FL
County Volusia
Community Not In Subdivision
Direction South on Ridgewood Ave. to address on the east side at the intersection of Turgot and S. Ridgewood Ave.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Exterior
Parking Features Attached, Parking Lot
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Concrete
Building
Lot Description Corner Lot
Water Public
Structure Type Block,Brick
Others
Senior Community No
Tax ID 7433-06-01-0010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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