Port Orange, FL 32127,5993 S RIDGEWOOD AVE
Port Orange, FL 32127,5993 S RIDGEWOOD AVE
Port Orange, FL 32127,5993 S RIDGEWOOD AVE
Port Orange, FL 32127,5993 S RIDGEWOOD AVE
Port Orange, FL 32127,5993 S RIDGEWOOD AVE
Port Orange, FL 32127,5993 S RIDGEWOOD AVE
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$ 3,500,000
Est. payment | /mo

7,784 SqFt


$ 3,500,000
Est. payment | /mo

7,784 SqFt

Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

Square Footage 7,784 sqft

Price per Sqft $449

MLS Listing ID V4941625

HOA Y/N No

Originating Board Stellar MLS

Year Built 1949

Annual Tax Amount $5,899

Lot Size 1.170 Acres

Acres 1.17

Lot Dimensions 188x103

Property Sub-Type Restaurant

Property Description

NOW THIS IS A HIDDEN TREASURE!! (; Located in a prime, high-traffic area off of U.S. 1 (approx 3,200 cars per hour) this commercial waterfront property, known as "Hidden Treasure" -- offers an exceptional opportunity for entrepreneurs looking to expand an established business or invest in a future thriving business. The property boasts nearly 1.17 acres of land plus an additional 1+ acre of water access leased through DEP. In addition, 3 well-maintained buildings, each designed to accommodate a range of business operations, from restaurants to retail and all in between plus ready for immediate use. (2 tenants already in place.)
This piece of real estate can accommodate up to 325 people at once! Alongside the buildings, there are 3 spacious docks and seawall with 16 boat slip(s) and power/water ... perfect for boat traffic, water sports rentals, or any maritime-based ventures.
Imagine a second level ... or rooftop ... Imagine a fuel station for local boaters ... Imagine monthly rentals for boat slips ... THE ROI IS LIMITLESS WITH THIS OPPORTUNITY!
With an ample parking lot and 95 parking spots, the property can easily accommodate high customer volumes, ensuring smooth operations year-round. Plus the opportunity for additional income. The parking lot is designed for convenience and accessibility, making it easy for patrons to enjoy everything the property has to offer or store their toys after a day on the water.
The ample space allows for potential expansion or diversification, providing new owners with flexibility in growing their businesses and catering to the community's needs. At the heart of the property is the popular Tiki Bar and Grille, a well-established hotspot for locals and tourists alike, offering a fun and relaxing atmosphere with exceptional food and drinks. Known for its laid-back vibe, the Tiki Bar is a favorite spot to unwind, making it a lucrative business on its own. Additionally, the property also features a successful watercraft/jet ski rental business, providing customers with exhilarating water sports experiences while capitalizing on the prime waterfront location.
Whether you're looking to invest in an established waterfront business, expand your current operations, or simply capitalize on the prime Rose Bay waterfront location, this "hidden treasure" offers tremendous value and potential. With its unique combination of commercial buildings, parking lot space, ability to build up, waterfront access, docks/slips and a successful existing business portfolio, this property stands out as a hidden gem in the heart of a thriving community! Don't wait ... CALL TODAY FOR MORE INFO! ALL INFORMATION DEEMED TO BE TRUE BUT NOT GURANTEED.

Location

State FL

County Volusia

Zoning RC

Interior

Heating Central, Wall Units / Window Unit, Zoned

Cooling Other

Flooring Concrete, Other, Tile

Exterior

Parking Features Ground Level, Lighted, Other, Over 30 Spaces

Utilities Available Electricity Available, Public, Water Connected

Waterfront Description Bay/Harbor,Canal - Saltwater

View Y/N Yes

Water Access Yes

Water Access Desc Bay/Harbor,Canal - Saltwater,Intracoastal Waterway,River

Roof Type Concrete,Metal

Building

Lot Description Corner Lot, City Limits, Near Public Transit, Oversized Lot, Sidewalk, Paved, Waterfront

Story 2

Entry Level Two

Foundation Block, Pillar/Post/Pier, Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Virtual Tour https://show.tours/v/xPZt9yc

Stellar MLS
Listed by LPT REALTY, LLC
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"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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5993 S RIDGEWOOD AVE