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: |
12/1/2022 |
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 $5750 a month/$69,000 a year. Breck's new lease starts July 1, 2022 and runs for 5 years.
|
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 |
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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