5390 Highway 1, Grant-Valkaria, FL 32949
$1,500,000
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:
9/25/2025
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.
More Information MLS# 1057983
Contract Information
Comp Sale YN: No
Current Price: $1,500,000
Original List Price: 1500000
List Price: $1,500,000
Status: Active
Listing Contract Date: 2025-09-20
Property Sub Type: Business
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).
General Property Information
Number Of Units Total: 0
Stories Total: 2
Building Area Total: 4202
Building Area Source: Public Records
Lot Size Acres: 0.57
Association YN: No
Building Name: RIB CITY
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 356.97
Bathrooms Total: 3
Year Built: 1901
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.
Construction Materials
Wood Siding: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Electric
200+ Amp Service: 1
Fencing
Wood: 1
Flooring
Tile: 1
Wood: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Lot Features
Corner Lot: 1
Easement Access: 1
Few Trees: 1
Historic Area: 1
Parking Features
Additional Parking: 1
Off Street: 1
Parking Lot: 1
Unassigned: 1
Possession
Close Of Escrow: 1
Owner Pays
All Utilities: 1
Common Area Maintenance: 1
Electricity: 1
Exterior Maintenance: 1
Gas: 1
Grounds Care: 1
Hot Water: 1
HVAC Maintenance: 1
Insurance: 1
Janitorial Service: 1
Management: 1
Other Tax: 1
Parking Fee: 1
Pest Control: 1
Repairs: 1
Roof Maintenance: 1
Security: 1
Taxes: 1
Trash Collection: 1
Road Frontage Type
City Street: 1
Highway: 1
Roof
Metal: 1
Security Features
Closed Circuit Camera(s): 1
Fire Alarm: 1
Fire Sprinkler System: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Connected: 1
Water Source
Private: 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
No Sign: 1
Restricted Hours: 1
Showing Service: 1
Building Features
Kitchen Facilities: 1
Manager on Premise: 1
Outside Storage: 1
Private Restroom: 1
Public Restroom: 1
Rear Access: 1
Restaurant: 1
Separate Office Area: 1
Storage: 1
Business Type
Franchise: 1
Ice Cream/Frozen Yogurt: 1
Restaurant: 1
Ceiling Type
Drywall: 1
Wood Panel: 1
Location
County: 1
Operating Expense Includes
Accounting: 1
Advertising: 1
Cable TV: 1
Capital Improvements: 1
Depreciation: 1
Fuel: 1
Furniture Replacement: 1
Gardener: 1
Insurance: 1
Licenses: 1
Maintenance: 1
Maintenance Grounds: 1
Manager: 1
Pest Control: 1
Professional Management: 1
Security: 1
Staff: 1
Supplies: 1
Trash: 1
Utilities: 1
Water/Sewer: 1
Workmans Compensation: 1
Other: 1
Sale Includes
Building & Land: 1
Business with Real Estate: 1
Furniture, Fixtures and Equipment: 1
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
Status Change Information
Major Change Timestamp: 2025-09-24T21:30:56Z
Major Change Type: New Listing
Status Change Timestamp: 2025-09-24
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
Documents
National Registry ›
Listing Office:
Dale Sorensen Real Estate Inc.
Last Updated: September - 25 - 2025
Information is deemed to be reliable, but is not guaranteed.