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Presented by
Nahed Hallaba |
740 N Ridgewood AVENUE, Daytona Beach, FL, 32114 | $1,950,000
740 N Ridgewood Ave, Daytona Beach, FL: Investment property opportunity this parcel includes 4 storages/retail/offices spaces and fully equipped turnkey modern restaurant. Also available, 0 N Ridgewood Ave, Daytona Beach, FL (Land Lot - Acres: 0. 2975) at additional cost, this land lot will be an ideal addition for extra parking or to build. (Vacant Lot MLS: 1201333). Call for land pricing.
Prime Investment Opportunity in the Heart of the City!
This exceptional investment opportunity is truly a once-in-a-lifetime find! Situated on a full acre of income-producing property, this site boasts 300 feet of frontage on US-1, offering maximum exposure with approximately 60, 000+ vehicles passing by daily.
At the heart of this property is a brand-new, turn-key restaurant/bar, meticulously designed with top-of-the-line furnishings and appliances. Upon entry, guests are welcomed by an awe-inspiring ambiance that seamlessly blends contemporary elegance with rustic charm. The 1, 925 sq. ft. restaurant features a modern open-concept layout with four drive-thru windows, stylish décor, and high-end finishes, including a harmonious mix of wood, metal, and marble accents. Additionally, there is 600+ sq. ft. of outdoor dining space, providing an inviting atmosphere for patrons. The restaurant is equipped with a 1, 250-gallon grease trap and is fully furnished, making it a true turn-key operation. The landscaped parking lot is beautifully designed with lush greenery and lighting, enhancing the property's curb appeal.
Beyond the restaurant, the property includes a 6, 300 sq. ft. commercial building, originally built in 1986 and thoughtfully updated with modern enhancements, including a new roof (2021), gutters, soffits, LED lighting, and bathroom renovations. This versatile building features four units, each with its own bathroom, and is currently utilized as office space and storage. The three smaller units are 1, 400 sq. ft. each, while the largest is 2, 000 sq. ft. , offering ample flexibility for various business needs.
This property is being sold AS-IS and by appointment only. Don't miss your chance to invest in what could be the next big thing!
All information is sourced from tax records and, while deemed reliable, is not guaranteed.
Features
- Lot Size: 30,684
- MLS#: V4940703
- Days on Market: 28 days
- Website: https://www.raveis.com
/prop/V4940703/740nridgewoodavenue_daytonabeach_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Nahed HallabaSales Associate
917.693.1163
Nahed.Hallaba@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Joseph MollicaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 130058
203.952.8600
Joseph.Mollica@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Michael AlvordInsurance Sales Director, William Raveis Insurance
203.925.4507
Michael.Alvord@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
740 N Ridgewood AVENUE, Daytona Beach, FL, 32114
$1,950,000
Nahed Hallaba
Sales Associate
William Raveis Real Estate
Phone: 917.693.1163
Nahed.Hallaba@raveis.com
Joseph Mollica
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,560,000 | $1,560,000 | $1,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.500% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.961% | 6.613% | 6.435% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,732 | $9,860 | $13,376 |
| Total Monthly Payment | $9,857 | $9,985 | $13,501 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388