5390 US 1 - Specialty FOR SALE


Grant-Valkaria, FL 32949
$1,500,000 USD
321-320-6077
5390 US 1, Grant-Valkaria, FL for Sale
$1,500,000 USD
Specialty - FOR SALE
1/45
null | Request Cap Rate

5390 US 1
Grant-Valkaria, FL 32949


OVERVIEW

Rare Restaurant Opportunity in Grant-Valkaria! Rib City Still OPEN for business during sales process. Across the street from the Indian River in the heart of town, this iconic property blends history, charm, and functionality. Formerly The Jorgensen's General Store, now ''Rib City'' the building is proudly listed on the National Registry of Historic Places! Sale includes real estate, business & complete on-site inventory, offering a turnkey opportunity. Franchise or complete liberty to make it what you wish! Features include a spacious main dining room, smaller private dining room, outdoor areas, patio, bathrooms, office and so much more. From stone-pillared porch to upstairs deck with river views, this property defines old-Florida character. Ideally located on US-1 for max exposure, in the town known for its famous Seafood Festival, this destination offers an existing, loyal fanbase with endless potential for restaurateurs or investors seeking landmark property, location and upside.Rib City Still OPEN for business during sales process! List agent must accompany all showings — call 321-320-6077. Pre-approval or proof of funds required; all prospects will be vetted prior to scheduling. Offered at one price only for the combined sale of real estate, business goodwill, and all on-site FF&E (no separation). Franchise license with Rib City is available at a reduced cost with below-standard initial fee and royalty rate, subject to approval by Rib City Franchising LLC. No non-compete in place; buyer may continue as Rib City or operate another restaurant concept at this location. Building is on the National and Local Historic Registries. Seller understands this does not prohibit demolition or redevelopment; buyer has full right to repurpose or recreate the land. Zoning: BU-2 (very versatile); Info here: https://grant-valkaria.municipalcodeonline.com/book?type=ordinances#name=20-1483_Retail,_Warehousing_And_Wholesale_Commercial,_BU-2 Seller financing available; terms negotiable. Recent upgrades: new kitchen A/C, new under-counter freezer, and new salad cooler. All information provided is from seller and/or public records; buyer responsible for full due diligence, including but not limited to square footage, zoning, and franchise terms.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rib City at Grant Station

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

BU-2

APN/PARCEL ID

29-38-28-25-0000A.0-0017.01

ASK ABOUT THIS PROPERTY

William ClarkDale Sorensen Real EstateMore Info
321-320-6077

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William ClarkDale Sorensen Real EstateMore Info
321-320-6077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.