1368 OCEAN SHORE BLVD, Ormond Beach, FL 32176
1368 OCEAN SHORE BLVD, Ormond Beach, FL 32176
1368 OCEAN SHORE BLVD, Ormond Beach, FL 32176
1368 OCEAN SHORE BLVD, Ormond Beach, FL 32176
1368 OCEAN SHORE BLVD, Ormond Beach, FL 32176
1368 OCEAN SHORE BLVD, Ormond Beach, FL 32176
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$ 2,300,000
Est. payment | /mo

4,488 SqFt


$ 2,300,000
Est. payment | /mo

4,488 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 4,488 sqft

Price per Sqft $512

MLS Listing ID NS1088322

HOA Y/N No

Year Built 1957

Annual Tax Amount $12,712

Lot Size 0.620 Acres

Acres 0.62

Property Sub-Type Business

Source Stellar MLS

Property Description

Turnkey Business Opportunity in a thriving Ormond Beach area! Great time to buy this beachside sports bar and Prime Real Estate in one of the area's most desirable coastal destinations. Perfectly positioned on a corner lot just steps from the beach, this established local favorite combines strong year-round traffic with the laid-back energy of a true seaside entertainment venue. The property features a fully built-out sports bar and grill with multiple large screen TVs, full liquor service with a FSF license, indoor and outdoor seating, game areas, and a welcome atmosphere that keeps the locals and tourists coming back. High visibility, ample parking, and steady beach tourism create an exceptional foundation for continued growth and profitability. The Real Estate estimated value at $1,573,325. offers a long-term investment in a rapidly appreciating coastal market, with future upside expansion, redevelopment, rooftop dining, or enhanced entertainment concepts. A growing business estimated and growing is at $726,675. A large cash investment will be needed for the Real Estate purchase. The current business income will not at this time support a leveraged purchase. Ideal for a 1031 Tax Defer exchange. Whether you are an owner-operator, investor, or hospitality group, this is a rare chance to acquire both a successful business and premium beach-area property in one transaction. For additional information the NDA must be signed and prof of funds presented.

Location

State FL

County Volusia

Area 32176 - Ormond Beach

Zoning B4

Interior

Heating Central, Electric, Zoned

Cooling Central Air, Zoned

Flooring Concrete, Epoxy, Tile

Appliance Dishwasher, Microwave, Refrigerator

Exterior

Utilities Available Phone Available, Public, Water Connected

View Y/N No

Water Access No

Roof Type Metal,Other

Exposure East

Building

Lot Description Corner Lot, Near Public Transit, Neighbourhood, Street Lights, Paved

Entry Level One

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/NS1088322

Stellar MLS
Listed by Herb Lubansky LUBANSKY & WHITE REALTY

NEARBY SCHOOLS & PROPERTIES

Josh Cotton

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

 

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1368 OCEAN SHORE BLVD