5390 Highway 1, Grant-Valkaria, FL 32949 (MLS# 1057983)

(321) 951-0322

(800) 545-5687

738 Malabar Road SE

Palm Bay, FL 32907

Mon-Fri 9:00 am to 5:45 pm

Saturday 10:00 am - 2:00 pm

5390 Highway 1, Grant-Valkaria, FL 32949

$1,500,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1057983

Property Type: Commercial Sale Baths: 3 Square Footage: 4,202 Lot Size (sq. ft.): 24,829 Status: Active

Current Price: $1,500,000 List Date: 9/24/2025 Last Modified: 4/24/2026

Overview

Description

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.

Listing Details MLS# 1057983

General Property Information

Stories Total: 2
Bathrooms Total: 3
Building Area Total: 4202
Building Area Source: Public Records
Year Built: 1901
Building Name: RIB CITY
Lot Size Acres: 0.57
Land Lease YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
List Price/SqFt: 356.97
Number Of Units Total: 0

Property Features

Building Features: Kitchen Facilities; Manager on Premise; Outside Storage; Private Restroom; Public Restroom; Rear Access; Restaurant; Separate Office Area; Storage Business Type: Franchise; Ice Cream/Frozen Yogurt; Restaurant Ceiling Type: Drywall; Wood Panel Construction Materials: Wood Siding Cooling: Central Air Current Use: Commercial Electric: 200+ Amp Service Fencing: Wood Flooring: Tile; Wood Heating: Central Listing Terms: Cash; Conventional; Owner May Carry Location: County Lot Features: Corner Lot; Easement Access; Few Trees; Historic Area Operating Expense Includes: Accounting; Advertising; Cable TV; Capital Improvements; Depreciation; Fuel; Furniture Replacement; Gardener; Insurance; Licenses; Maintenance; Maintenance Grounds; Manager; Pest Control; Professional Management; Security; Staff; Supplies; Trash; Water/Sewer; Workmans Compensation; Other Owner Pays: All Utilities; Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Management; Other Tax; Parking Fee; Pest Control; Repairs; Roof Maintenance; Security; Taxes; Trash Collection Parking Features: Additional Parking; Off Street; Parking Lot; Unassigned Possession: Close Of Escrow Road Frontage Type: City Street; Highway Roof: Metal Sale Includes: Building & Land; Business with Real Estate; Furniture, Fixtures and Equipment Security Features: Closed Circuit Camera(s); Fire Alarm; Fire Sprinkler System Sewer: Septic Tank Showing Requirements: Appointment Only; Listing Agent Must Accompany; No Sign; Restricted Hours; Showing Service Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected; Water Connected Water Source: Private

Contract Information

Original List Price: 1500000
Listing Contract Date: 2025-09-20
Property Sub Type: Business
Comp Sale YN: No

Location Tax and Legal

Street Number: 5390
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32949
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: Jorgensons Plat of Grant

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2025-09-24T21:30:56Z
Major Change Type: New Listing
Status Change Timestamp: 2025-09-24

More Information

Location, Tax, and Legal

Tax Account: 2956856
Parcel Number: 29-38-28-25-0000a.0-0017.01
General County Location: South
Tax Annual Amount: 6804.84
Tax Year: 2024
Additional Parcels YN: No
Directions: Sits directly on U.S. S. Hwy 1 in Grant-Valkaria, FL A/K/A Rib City, turn west into parking lot from US-1 (across street from Sunoco gas station).

Construction Materials

Wood Siding: Yes

Cooling

Central Air: Yes

Current Use

Commercial: Yes

Electric

200+ Amp Service: Yes

Fencing

Wood: Yes

Flooring

Tile: Yes
Wood: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Lot Features

Corner Lot: Yes
Easement Access: Yes
Few Trees: Yes
Historic Area: Yes

Parking Features

Additional Parking: Yes
Off Street: Yes
Parking Lot: Yes
Unassigned: Yes

Possession

Close Of Escrow: Yes

Owner Pays

All Utilities: Yes
Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Grounds Care: Yes
Hot Water: Yes
HVAC Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Management: Yes
Other Tax: Yes
Parking Fee: Yes
Pest Control: Yes
Repairs: Yes
Roof Maintenance: Yes
Security: Yes
Taxes: Yes
Trash Collection: Yes

Road Frontage Type

City Street: Yes
Highway: Yes

Roof

Metal: Yes

Security Features

Closed Circuit Camera(s): Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes

Sewer

Septic Tank: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Water Connected: Yes

Water Source

Private: Yes

Showing Requirements

Appointment Only: Yes
Listing Agent Must Accompany: Yes
No Sign: Yes
Restricted Hours: Yes
Showing Service: Yes

Building Features

Kitchen Facilities: Yes
Manager on Premise: Yes
Outside Storage: Yes
Private Restroom: Yes
Public Restroom: Yes
Rear Access: Yes
Restaurant: Yes
Separate Office Area: Yes
Storage: Yes

Business Type

Franchise: Yes
Ice Cream/Frozen Yogurt: Yes
Restaurant: Yes

Ceiling Type

Drywall: Yes
Wood Panel: Yes

Location

County: Yes

Operating Expense Includes

Accounting: Yes
Advertising: Yes
Cable TV: Yes
Capital Improvements: Yes
Depreciation: Yes
Fuel: Yes
Furniture Replacement: Yes
Gardener: Yes
Insurance: Yes
Licenses: Yes
Maintenance: Yes
Maintenance Grounds: Yes
Manager: Yes
Pest Control: Yes
Professional Management: Yes
Security: Yes
Staff: Yes
Supplies: Yes
Trash: Yes
Utilities: Yes
Water/Sewer: Yes
Workmans Compensation: Yes
Other: Yes

Sale Includes

Building & Land: Yes
Business with Real Estate: Yes
Furniture, Fixtures and Equipment: Yes

Documents

National Registry ›

smoker/water plan added to survey ›

Listing Office: Dale Sorensen Real Estate Inc.

Last Updated: April - 24 - 2026

Information is deemed to be reliable, but is not guaranteed.