Luz Place Restaurant & Lounge

Retail-Commercial for Sale
Catylist Listing ID: 30759297
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 2,000 SF
Gross Land Area: 0.31 Acres
Sale Price: $850,000
Unit Price: $425 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Luz's Restaurant & Lounge
Usable Size (USF): 2,000 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/3/2021

Overview / Comments

Luz's Restaurant & Lounge located on .31 acres on the corner of Remount Road and Dempsey Avenue, has been in operation for 25 years. Breakfast, Lunch and Dinner are served, wine and beer were served up until Covid 19. The alcohol License is expired but can be renewed at any time. SC Education Lottery tickets and all other lotteries sold as well. ATM machine on site. The owner's are semi retired. Great Location for a 24 hour Diner or or a Latin Restaurant.

Location Location Location! This site is 200 yards from Rivers Avenue and access in 1 mile to I 26 and 2 miles away is 526.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: Charleston County
Tax ID/APN: 4720400011
Zoning: B-2 (NORTH CHARLESTON)
Retail Clientele: General, Family, Traveler, Other
Property Located Between: Rivers Avenue & N Rhett
Property Visibility: Excellent
Largest Nearby Street: Highway I-26
Feet of Frontage: 200
Traffic/Vehicle Count: 45,250
Highway Access: I 26 , 526
Airports: Charleston International
Site Description: >31 Acres of flat parking lot.
Area Description: Corner lot on busy Remount Rd
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Average
Year Built: 1970
Year Renovated: 1893
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 40
Parking Type: Surface
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Heat Pump
Internet Access: Cable
Water Service: Other
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress
Legal Description: 2000 SF 1 story brick building on .31 Acres at the corner of Remount Rd and Dempsey Avenue

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,145 54,249 122,779
Median Age: 32.85 32.5 33.1
Households: 3,860 20,547 47,084

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