REQUEST A TOUR

Philip & Perrine Dowling

perrine@dowlingteam.com +1(239) 537-3332

$525,000

Est. payment - /mo

1,957 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

Square Footage 1,957 sqft

Price per Sqft $268

Subdivision Turgot Terrace Mendall Homestead

MLS Listing ID NS1087926

Construction Status Completed

HOA Y/N No

Year Built 1976

Annual Tax Amount $6,557

Lot Size 0.660 Acres

Acres 0.66

Lot Dimensions 200 x 145

Property Sub-Type Restaurant

Source Stellar MLS

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 Turgot Terrace Mendall Homestead

Area 32132 - Edgewater

Zoning COMM. - B3

Interior

Heating Central, Electric

Cooling Central Air

Flooring Tile

Exterior

Parking Features Ground Level

Building

Lot Description Central Business District, Corner Lot, Oversized Lot

Story 1

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Brick,Concrete

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/NS1087926

Read Less Info

Listed by Tracey Barlow THE BARNETT GROUP, INC.

1015 S RIDGEWOOD AVE Edgewater, FL 32132