Downtown Restaurant with High Visibility and additional Rental Unit

Retail-Commercial for Sale
Catylist Listing ID: 30316449
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 6,000 SF
Gross Land Area: 0.31 Acres
Sale Price: $680,000
Unit Price: $113.33 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Breck's Restaurant and Friar Tuck's
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/6/2020

Overview / Comments

Large commercial space in the middle of downtown. Currently used as a restaurant with street parking. The current space also has a retail tenant/attached space. The attached space features three separate selling spaces and a 1/2 bathroom and runs off window ac units. The restaurant has a bar, dining area, private dining area, office, kitchen and his/her bathrooms. The kitchen is at the back of the space and the owners will covey a 14 foot suppression system hood and roughly 8'X14' walk-in cooler and freezer. There is also a utility room with 2 water heaters, one designed for restaurant use. The restaurant also has two HVAC units installed approximately 2009 one of which is specifically for the kitchen. Client will sell as a package unit of 3 additional commercial spaces which have tenants of a clothing store and hair salon and a small and rentable upstairs office space. This package may also include a corner lot to Main Street and Railroad Avenue. The property is listed as 102 Railroad Avenue. Financials to be disclosed with acceptable offer. Do NOT disturb tenants. Showings provided by appointment only. Current rents total $4525 a month.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Tax ID/APN: 1420801003
Zoning: GC - General Commercial District
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Main Street and Railroad Avenue
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 60
Highway Access: Main Street
Site Description: Across from the Moncks Corner Recreational department and Moncks Corner Depot.
Area Description: Surrounded by business of similar nature.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1960
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Block, Brick
Total Parking Spaces: 40
Parking Type: Surface, Other
Parking Description: Street parking maintained by the state and county.
Heat Type: Electricity
Heat Source: Central, Wall Units, Other
Air Conditioning: Package Unit, Window Unit, Other
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,694 13,250 18,054
Median Age: 32.63 35.33 37.25
Households: 644 4,783 6,681

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