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    5236 S Ridgewood Avenue

    Port Orange, FL 32127
    • $650,000
    • STATUS: Active
    • ON SITE: 149 days
    • MLS #: 1078582
    UPDATED: 21 min ago
    $650,000
    • 0
      BEDS
    • 2.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 103,708
      SQFT
    • $6
      $/SQFT
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    Description

    D-Y-N-A-M-I-T-E Destination! Welcome to the World Famous ''First Turn Steakhouse''!! Delicious Food, 3 Sports Bars, Karaoke and/or Live Entertainment Daily, Inside & Outside Venues, Clothing Kiosk, Cornhole Tournaments, Charity Events, Priceless Memorabilia, Sizable Parking Areas, Prime Location and so much more... People from miles around come to enjoy the food, the vast display of racing memorabilia, the entertainment and the special events. A popular destination for NASCAR Race Fans & Motorcycle Enthusiasts year-round! Local musicians and bands are featured at the indoor and outdoor live entertainment stages. The indoor Steakhouse has a bar, entertainment area, multiple wide screen TVs and plenty of bar & table seating. The 2 outdoor Sports Bars have both inside covered bar seating andoutside covered bar & table seating and a huge entertainment area for live music and events. The Original First Turn Steakhouse & Sports Bar business was founded by the current owners in 1984 and has been at this location since 1988. Two options are available: 1) The opportunity to purchase a "Turn-Key" restaurant business with 2.38 acres of property, with a proven history of success and with additional -lease opportunities of other US 1 frontage detached commercial store fronts. Perfect for anyone seeking an immediate, excellent cash flow and profitability. Included in the business, land & building sale: Type 4COP+Package Liquor License, tenant lease income, business name, good will, signs, decor, furnishings & equipment with lease opportunities of US-1 frontage detached commercial store fronts and all of the land. The business and land sale includes current business income of 2M+ annually plus opportunity for an additional $34,000+ from rental units on the property. The restaurant is 5,125 square feet with a modern up-dated kitchen, detached refrigeration units, multiple bar refrigerators and equipment to easily service the largest events are all included in the sale along with All NASCAR & Biker memorabilia & dcor, furnishings and fixtures. The 2nd floor is 2,085 square feet of offices and storage and the separate, covered "Tiki" Bars (2) are surrounded by 3,020 square feet of covered outdoor space for the complete dining (up to 200 customers) & entertainment experience. Strategically located on a corner lot with high visibility & traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Commonwealth Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (document with list of approved development use is attached). Business financials are available to qualified buyers/investors with proof of funds, an acceptable offer and a signed NDA. $2,650,000 2) The opportunity to purchase the "Turn-Key" restaurant only and lease the buildings and land that it has been established on and has become so famously known. The restaurant currently has business income of 2M+ annually and is 5,125 square feet with 2,085 square feet on the 2nd floor with offices and storage and the separate, covered "Tiki" Bars (2) are surrounded by 3,020 square feet of covered outdoor space for the complete dining (up to 200 customers) & entertainment experience. The property includes 2.38 acres of Commercial Land with tenant income opportunities of $34,000+ annually. Included in the business sale: Type 4COP+Package Liquor License, tenant lease income, business name, good will, signs, dcor, furnishings & equipment with lease opportunities of 2 other detached US-1 frontage commercial store fronts. Abundant parking areas can accommodate approximately 200 vehicles or 2,000 motorcycles. There are 2 entrances on US-1 (Ridgewood Avenue) and 1 entrance on Commonwealth Blvd., providing easy access for patrons. Prime frontage on US-1 (Ridgewood Ave.) is 506'. A modern up-dated kitchen, detached refrigeration units, multiple bar refrigerators and equipment to easily service the largest events are all included in the sale along with All NASCAR & Biker memorabilia & dcor, furnishings and fixtures. Strategically located on a corner lot with high visibility & traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Commonwealth Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (document with list of approved development use is attached). Business financials are available to qualified buyers/investors with proof of funds, an acceptable offer and a signed NDA. $650,000

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    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome At The Beach. Data last updated: 2021-05-11T18:25:08.34.
    www.nicolechapmanre.com/homes/112575926
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    5236 S Ridgewood Avenue Port Orange, FL 32127

    • Price: $650,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 1078582
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.38
    Acres
    103,708
    SQFT
    $6
    $/SQFT
    1930
    Built
    Neighborhood:
    Port Orange S of Dunlawton, E of 95
    County:
    Volusia
    Area:
    Port Orange S of Dunlawton, E of 95
    Property Description
    D-Y-N-A-M-I-T-E Destination! Welcome to the World Famous ''First Turn Steakhouse''!! Delicious Food, 3 Sports Bars, Karaoke and/or Live Entertainment Daily, Inside & Outside Venues, Clothing Kiosk, Cornhole Tournaments, Charity Events, Priceless Memorabilia, Sizable Parking Areas, Prime Location and so much more... People from miles around come to enjoy the food, the vast display of racing memorabilia, the entertainment and the special events. A popular destination for NASCAR Race Fans & Motorcycle Enthusiasts year-round! Local musicians and bands are featured at the indoor and outdoor live entertainment stages. The indoor Steakhouse has a bar, entertainment area, multiple wide screen TVs and plenty of bar & table seating. The 2 outdoor Sports Bars have both inside covered bar seating andoutside covered bar & table seating and a huge entertainment area for live music and events. The Original First Turn Steakhouse & Sports Bar business was founded by the current owners in 1984 and has been at this location since 1988. Two options are available: 1) The opportunity to purchase a "Turn-Key" restaurant business with 2.38 acres of property, with a proven history of success and with additional -lease opportunities of other US 1 frontage detached commercial store fronts. Perfect for anyone seeking an immediate, excellent cash flow and profitability. Included in the business, land & building sale: Type 4COP+Package Liquor License, tenant lease income, business name, good will, signs, decor, furnishings & equipment with lease opportunities of US-1 frontage detached commercial store fronts and all of the land. The business and land sale includes current business income of 2M+ annually plus opportunity for an additional $34,000+ from rental units on the property. The restaurant is 5,125 square feet with a modern up-dated kitchen, detached refrigeration units, multiple bar refrigerators and equipment to easily service the largest events are all included in the sale along with All NASCAR & Biker memorabilia & dcor, furnishings and fixtures. The 2nd floor is 2,085 square feet of offices and storage and the separate, covered "Tiki" Bars (2) are surrounded by 3,020 square feet of covered outdoor space for the complete dining (up to 200 customers) & entertainment experience. Strategically located on a corner lot with high visibility & traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Commonwealth Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (document with list of approved development use is attached). Business financials are available to qualified buyers/investors with proof of funds, an acceptable offer and a signed NDA. $2,650,000 2) The opportunity to purchase the "Turn-Key" restaurant only and lease the buildings and land that it has been established on and has become so famously known. The restaurant currently has business income of 2M+ annually and is 5,125 square feet with 2,085 square feet on the 2nd floor with offices and storage and the separate, covered "Tiki" Bars (2) are surrounded by 3,020 square feet of covered outdoor space for the complete dining (up to 200 customers) & entertainment experience. The property includes 2.38 acres of Commercial Land with tenant income opportunities of $34,000+ annually. Included in the business sale: Type 4COP+Package Liquor License, tenant lease income, business name, good will, signs, dcor, furnishings & equipment with lease opportunities of 2 other detached US-1 frontage commercial store fronts. Abundant parking areas can accommodate approximately 200 vehicles or 2,000 motorcycles. There are 2 entrances on US-1 (Ridgewood Avenue) and 1 entrance on Commonwealth Blvd., providing easy access for patrons. Prime frontage on US-1 (Ridgewood Ave.) is 506'. A modern up-dated kitchen, detached refrigeration units, multiple bar refrigerators and equipment to easily service the largest events are all included in the sale along with All NASCAR & Biker memorabilia & dcor, furnishings and fixtures. Strategically located on a corner lot with high visibility & traffic count (US-1 Commonwealth to Dunlawton: 21,000 AADT; US-1 Nova to Commonwealth: 15,900 AADT; and Commonwealth Taylor to US-1: 14,800 AADT). Zoning is ''RD'' (document with list of approved development use is attached). Business financials are available to qualified buyers/investors with proof of funds, an acceptable offer and a signed NDA. $650,000
    Exterior Features

    Construction Concrete BlockMetalStuccoWood Frame Highway Access 4 Lane/Divided Parking GuestLightedLotSee Remarks Parking Spaces 200 Road Frontage 506.00 Road Type Asphalt Roof Metal Site Improvements Curb/SidewalksGuttersOutbuildingPole SignSecurity FencingSee Remarks

    Interior Features

    Air Conditioning CentralMixedWall/Window UnitsZoned Heating CentralMixedWall/Window UnitsZoned Interior Improvement Display WindowGround Level DoorKitchen FacilityPrivate RestroomsPublic RestroomsSecurity SystemSee Remarks Sq Ft Total 11284.00

    Property Features

    Access Transport 4 LaneDividedSee RemarksUs Highway As Is Condition Yes Base Lease 12500.00 Building Type Location CommercialFree StandingMixed UseSee Remarks Business Income Opportunity Mixed Use Business Type MixedSee Remarks Commercial Property Name First Turn Commercial Style Business Opportunity Current Use Mixed Electric Meters 4 Franchise Opt In No Homestead Exemption No Includedin Sale Business NameEquipmen/MachineryFixturesFurnitureGood WillInventoryLease (Building)Lease With OptionLiquor LicenseSigns - Owned Lease Provisions 3 - 5 YearsOptional PurchaseRenewal OptionTenant May Sublet Lease Type Triple Net Nrr Req No Per Month 12500.00 Possible Use Bar/TavernGeneral OfficeRestaurant Sewer Public Sewer Special Conditions None Special Contingency No Sq Ft Source Property Appraiser Tax Year 2020 Taxes 16257.30 Utilities On Site 220 Volt Svc440 Volt SvcThree PhaseUnderground Water City Water Meters 4 Zoning Text Rd

    Listing courtesy of Arnie Traub of The Barnett Group Inc..


    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome At The Beach. Data last updated: 2021-05-11T18:25:08.34.
     
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