5300 Sqft Market, Butcher Shop and Space for Cafe or Catering

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30408982
Property Subtypes: Convenience Store, Restaurant, Other
Status: Pending/Contingent
Building Size (RSF): 5,321 SF
Gross Building Area: See Agent
Gross Land Area: 1.01 Acres
Sale Price: $400,000 - 500,000
Unit Price: $75.17 - 93.97 PSF
Ceiling: 9 ft.
Property Use Type: Business
Building Name: Sangaree Market
Sale Terms: Cash to Seller
Cap Rate: 5.9%
Average Occupancy Rate: 95
Last Updated: 11/12/2019

Overview / Comments

Now offering the opportunity to purchase the building only for $400,000 or purchase building and business for $500,000. Over 20% Price Drop! Bring offers! Over 5300 sqft for sale which includes 4300 sqft of butcher shop/market and 1,000 sqft attached apartment which could be turned into a restaurant, catering or cafe is included in the sale. Sangaree Market is a specialty meat/butcher shop serving the tri-county area. Located one block off N. Main, this is the only meat market of its kind in the area. Great reviews on social media and open six days a week. Sales and profits have remained steady over many years. With advertising and promotion, this business has major growth potential. Solid block building with new AC unit, newer roof, ample parking and easy access to Highway 26 and less than 1/4 mile from the corner of CVS and Waffle House. Included in the asking price is the building and parcel, $100k of equipment, mostly new, plus $40k in inventory. Lottery offered here, as well. Owner selling only due to relocation.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Taxing Authority: Berkeley
Tax ID/APN: 222-14-02-048
Zoning: CG - General Commercial District
Retail Clientele: General, Family, Business
Property Located Between: Westside Street and Village Way
Property Visibility: Excellent
Largest Nearby Street: N. Main Street, Summerville
Feet of Frontage: 180
Highway Access: Easy Access to Highway 26 and less than 1/4 mile to 17
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1984
Roof Type: Arched
Construction/Siding: Block
Parking Type: Surface
Sprinklers: None
Heat Type: Other
Heat Source: Heat Pump
Air Conditioning: Other
Zoning Description: General Commercial(GC)
Lot Frontage: 180
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,103 42,852 115,528
Median Age: 32.46 33.91 35.02
Households: 2,844 15,445 42,800

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