5390 Highway 1, Grant Valkaria, FL 32949
$1,500,000
Property Type:
Commercial Sale
Square Footage:
4,202
Lot Size (sq. ft.):
24,829
Status:
Active
Current Price:
$1,500,000
List Date:
10/01/2025
Last Modified:
3/17/2026
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.
More Information MLS# R11128445
Contract Information
Comp Sale YN: No
Listing Contract Date: 2025-10-01
Status: Active
Original List Price: 1500000
List Price: $1,500,000
Current Price: $1,500,000
Location and Legal
County Or Parish: Brevard
County Parish Name: Brevard
City Name: Grant Valkaria
Postal Code: 32949
Geographic Area: Other
Property Description: Business
Country: United States
Street Number: 5390
Street Name: Highway 1
State Or Province: FL
Area: 5940 - Other Florida County
Parcel Number: 293828250000a.00017.01
Zoning: Commercial
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
Lot Size Area: 24829.2
Stories: 1
Property Sub Type: Business
Building Area Main: 4202
Building Area Source: Public Records
Year Built: 1901
Lot Size Acres: 0.57
Currently Not Used
Number Of Units Total: 1
Office/Member Information
DXORIGMLSID: RML
Electric
200+ Amp Service: 1
Three Phase: 1
Flooring
Tile: 1
Wood: 1
Property Condition
Resale: 1
Documents Available
Aerial Photo(s): 1
Appraisal: 1
Books & Records: 1
Contracts: 1
Deed: 1
Equipment Inventory: 1
Existing Survey: 1
Financial Statement: 1
Inventory: 1
Owner Managed: 1
Photos: 1
Tax Return: 1
Possession
Close Of Escrow: 1
Sewer
Septic Tank: 1
Utilities
Water Available: 1
Building and Property Details
# Of Toilets: 3
% Air Conditioned: 4202
Interior Ceiling Height: 9
Maximum Ceiling Height: 9
Building Features
Fenced Area: 1
Free Standing: 1
Restaurant: 1
Business Type
Arts and Entertainment: 1
Restaurant: 1
Ceiling
Wood Panel: 1
Heating
Central: 1
Sale Includes
Building: 1
Fixtures: 1
Furniture: 1
Inventory: 1
Land: 1
Machinery: 1
Signs: 1
Tools: 1
Construction Materials
Wood Siding: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Roof
Metal: 1
Security Features
Fire Sprinkler System: 1
Cooling
Central Air: 1
Electric: 1
Showing Requirements
Appointment Only: 1
Price Calculations
Current Price To SqFt: 356.97
Financial Information
Tax Annual Amount: 6804.84
Tax Year: 2024
Tax Legal Description: JORGENSONS PLAT OF GRANT LOT 17 BLK A
Status Change Information
Major Change Timestamp: 2025-10-01T15:46:26Z
Major Change Type: New Listing
Status Change Date: 2025-10-01
Originating Details
Originating System Key: 20251001151129223968000000
Originating System ID: M00000170
Property Features
Building Features: Fenced Area; Free Standing; Restaurant
Business Type: Arts and Entertainment; Restaurant
Ceiling: Wood Panel
Documents Available: Aerial Photo(s); Appraisal; Books & Records; Contracts; Deed; Equipment Inventory; Existing Survey; Financial Statement; Inventory; Owner Managed; Tax Return
Electric: 200+ Amp Service; Three Phase
Flooring: Tile; Wood
Heating: Central
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Fixtures; Furniture; Inventory; Land; Machinery; Signs; Tools
Construction Materials: Wood Siding
Cooling: Central Air
Listing Terms: Cash; Conventional; Owner May Carry
Roof: Metal
Security Features: Fire Sprinkler System
Sewer: Septic Tank
Utilities: Water Available
Showing Requirements: Appointment Only
Listing Office:
Dale Sorensen Real Estate Inc.
Last Updated: March - 17 - 2026
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