1440 S Live Oak Drive ~ Restaurant

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Special Purpose
Catylist Listing ID: 30639394
Property Subtypes: Restaurant
Status: Pending/Contingent
Building Size (RSF): 2,088 SF
Gross Building Area: See Agent
Sale Price: $400,000
Unit Price: $191.57 PSF
Ceiling: 8 ft.
Property Use Type: Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: 8.0%
Last Updated: 12/9/2020

Overview / Comments

Established restaurant . Tremendous upside potential. Full commercial kitchen with smokers. Includes all fixtures. Extra outbuildings in a strong growth area on newly widened Highway 17A convenient to Moncks Corner and Goose Creek. Also includes a residential rental property that contributes $725 income per month. Large lot provides additional growth. Owner will consider financing a portion contingent upon due diligence and agreeable down payment. Past P&L available along with equipment list and balance sheet. Two additional buildings included that have potential for commercial use and could be leased for extra income. Large footprint allows for additional outdoor usage. Property also includes a wide entrance on 17A (S Live Oak Dr).

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Tax ID/APN: 1611100039
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: 17A
Feet of Frontage: 200
Traffic/Vehicle Count: 40,000
Highway Access: 17A
Airports: CHS and Moncks Corner Regional
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Property Condition: Good
Year Built: 1978
Year Renovated: 2010
Construction/Siding: Wood Siding
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Asphalt
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Fully equipped restaurant in main building with separate kitchen/smokehouse.
Zoning Description: General Business
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,632 25,019
Median Age: 33.62 37.1
Households: 3,071 9,206


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