Catylist ID: #30340175
Historic Inn and Restaurant For Sale
Hospitality for Sale
|Catylist Listing ID:||30340175|
|Property Subtypes:||Bed & Breakfast, Inn, Other|
|Number of Units:||1 Units|
|Building Size (RSF):||7,270 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$4,022,914 Per Unit|
|Property Use Type:||Investment, Business|
|Building Name:||Old Village Post House Inn and Restaurant|
|Name of Establishment:||Old Village Post House Inn and Restaurant|
Overview / Comments
The property is a fixture and a landmark of the community. The real estate is irreplaceable. The Old Village Post House Inn and Restaurant was built in 1888 and is situated on a hard corner parcel of 0.13 acres at the prestigious corner of Pitt and Venning Streets in the coveted and historic Old Village community of Mount Pleasant which is the fourth largest city in the state. All proper licensing and zoning to operate as an inn and restaurant are current and convey. With continued use, new Town of Mt. Pleasant impact fees are not applicable. This grand property consists of approximately 3,910 sf of restaurant and approximately 3,360 sf of a 6 room inn. This property has been carefully restored, most recently in 2015, with renovations, cosmetic upgrades and a new roof. All of the new FF&E and new kitchen equipment will convey with the sale. In operation as an inn and restaurant since 2015 by current owners, online reviews are highly favorable.
The opportunity provides a new or seasoned operator a stress-free transition to a secure lifestyle which benefits from proven systems and processes in place, providing a financially stable business operation. Inn staff are trained and willing to stay with new owners. Old Village Post House Inn and Restaurant offers a new proprietor a distinct advantage to being the only B&B located in the Old Village.
The property is being sold fully furnished and the inn and restaurant operation is TURN-KEY READY. The price includes all accoutrements needed to operate the business, This is a pride of ownership asset with high barriers of entry to the market. Financial operating data is available upon request and return of signed Confidentiality and Registration Agreement.
This is the sale of an existing business along with the real estate. Showings are by appointment only. Please do not approach the employees for information on the sale. Please do not attempt to tour the property on your own. Please call the listing agent, Edward Robinson, to set up all showing appointments.
Attachments & Media
|Nearest MSA:||Charleston-North Charleston|
|Submarket/Township:||42 - Mt.Pleasant South of IOP Connector|
|Zoning:||CN - Neighborhood Commercial District|
|Retail Clientele:||Family, Traveler, Tourist, Other|
|Area Description:||The Old Village is the heart of one of the fastest growing communities on this side of the country. Within a 15 minute drive time, there is a population base of over 82,000 people with an average annual household income of $108,000 and a median age of 36.7 years old. Coleman Boulevard is the community's Main Street and is currently undergoing a full redevelopment and has a traffic count of 38,300 vehicles per day. The property is the anchor of the Pitt Street retail district with heavy foot and bike traffic.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Proximity:||1 mile||3 miles||5 miles|
Edward G Robinson, IVBeach Commercial, A Division of The Beach Company SCCMLS Member
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