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28868738
28868739

2017 S Ridgewood Ave, South Daytona, FL 32119

KH
FL BK3325286, FL
Foresight Real Estate LLC
Listed by Foresight Real Estate LLC
$550,000
208 days on market
Updated 42 days ago
Opportunity zone

2017 S Ridgewood Avenue South Daytona Florida 32119

Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 2,519
Net Rentable (SqFt) 2,519
Cap Rate 7.79%
NOI $42,823
Price per SqFt $218
Broker Co-Op Yes
Year Built 1955
Buildings 1
Stories 1
Acreage 0.300
Zoning Commercial
Investment Type Owner/User

Retail | 7.79% CAP | 2,519 SqFt

Marketing description

Unlock exceptional business or investment opportunities with this versatile commercial property located at 2017 S Ridgewood Avenue, South Daytona, FL. Perfectly positioned along one of the area’s busiest thoroughfares, this property offers maximum exposure and easy access for both local and regional traffic.

The building features an open, adaptable floor plan suitable for retail and restaurant use. This site is ready to accommodate a wide range of business operations or tenants. Its solid construction and well-maintained condition make it move-in ready or ideal for a light renovation to fit your business vision.

Highlights:

  • High-traffic location along S Ridgewood Avenue (U.S. 1 corridor)

  • Excellent street frontage and visibility

  • Convenient access to Daytona Beach, Port Orange, and major highways

  • On-site parking for customers and staff

  • Flexible zoning suitable for multiple business uses

  • Strong area demographics and a growing local economy

Whether you’re an owner-operator seeking a prominent business location or an investor looking for a high-demand commercial asset, this property offers long-term potential in one of Volusia County’s most active corridors.

Investment highlights

  1. Established Restaurant / Retail Use with Turnkey Infrastructure — The property previously operated as a restaurant/bar (with fully-equipped kitchen and tavern fixtures).

  2. Good Size & Build-out — ~2,519 sq ft building on a ~0.30 acre lot.

  3. Strong Frontage & Visibility — The site has ~75 ft frontage on S. Ridgewood (U.S.-1) — a major commercial corridor.

  4. Adequate Parking — Parking for approximately 30 vehicles, which is meaningful for a small commercial/restaurant building.

  5. Flexible Zoning / Use Potential — Zoned for commercial use (previously restaurant/retail), giving flexibility: could be reused as a restaurant, retail, service-oriented business, or repurposed per demand.

  6. Market & Location Advantage — In the broader South Daytona, FL commercial-real-estate market, there is ongoing interest in revitalization along the U.S.-1 / Ridgewood corridor, with demand for retail, services, and small-business space — an area described by experts as having “untapped commercial potential.”

  7. Population & Demographic Growth Nearby — Within a few miles of the property, population and household counts are forecast to grow ~11 % over the next few years — which suggests increasing local demand and customer base for businesses there.

  8. Affordable Entry Price Compared to Larger Properties — As a modestly sized building/lot with prior build-out, this property offers a relatively lower-cost entry into the South Daytona commercial market compared to larger undeveloped parcels or multi-acre developments.

  9. Value-Add / Redevelopment Potential — Because the building is older (built in 1955 per public records) and the neighborhood/commercial corridor is under evolution, there may be upside through renovation, repurposing, or repositioning — offering opportunity for appreciation or increased cash flow.

Listing Contacts

KH
FL BK3325286, FL
Foresight Real Estate LLC
Listed by Foresight Real Estate LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$42,823.00
$3,568.58/mo

Valuation Metrics

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DSCR
7.79%
Cap Rate
7.79%
ROI

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Additional Information

Name
Karen Hong
License
BK3325286
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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