$525,000
Pending · 52 days on market · MLS# MFRNS1087926
| Living area | 1,957 sq ft |
|---|---|
| Lot size | 0.66 acres |
| Year built | 1976 |
| Property type | Restaurant |
| Waterfront | Yes |
| Annual taxes | $6,557 |
| County | Volusia |
Under contract-accepting backup offers. 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.
Listing courtesy of Tracey Barlow, THE BARNETT GROUP, INC.. Presented by MC Homes Realty Inc · 727432218.