Tanger Free Standing Restaurant Property

Retail-Commercial for Sale
Also listed as Hospitality
Catylist Listing ID: 30350878
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,700 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $2,399,000
Unit Price: $510.43 PSF
Property Use Type: Investment, Business
Building Name: Community Pizza
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 7/29/2020

Overview / Comments

Turn-key 4200 square foot restaurant with additional 1000 square feet of covered outdoor patio space and 861 square foot roof top bar. Plenty of parking and surrounded by hotels and national retailers. Visible from I-26! Floor plan and infrastructure should easily accommodate many other concepts. Currently operating as Community Pizza. Please do not contact employees of the business regarding this sale. $2,499,000.00. Contact Tim Hagar for details.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 4000000069
Zoning: CRD - Commercial Redevelopment District
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Convention
Airports: CHS
Area Description: Tanger Outlet near I-26 and I-526
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2016
Parking Type: Surface
Parking Description: 65+/-

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,119 53,708 126,403
Median Age: 29.88 33.67 34.39
Households: 1,537 20,180 50,185


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