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Executive Summary

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.

Property Facts

Price $2,106,840 CAD
Price Per SF $501.39 CAD
Sale Type Investment or Owner User
Sale Condition Business Value Included
Property Type Specialty
Property Subtype Lodge/Meeting Hall
Building Class C
Lot Size 0.61 AC
Building Size 4,202 SF
No. Stories 2
Year Built 1901
Zoning BU-2 - Special Business Use
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
29-38-28-25-0000A.0-0017.01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$686,380 CAD
  • Listing ID: 41534356

  • Date on Market: 2026-08-03

  • Last Updated:

  • Address: 5390 US 1, Grant-Valkaria, FL 32949

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