Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1510 Blue Ridge Boulevard Seneca, SC 29672

    View on Map
    For Sale
    $219,000

    SINGLE_FAMILY - Seneca, SC

    Type:Retail
    Added:
    Oct 11, 2022
    Days on Market:
    1269
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 1510 Blue Ridge Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    207-00-02-108 PO

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Cliff Powell
    Cliff Powell

    Listing agent Cliff Powell License #98545

    Listing office Powell Real Estate 3802 BLUE RIDGE BLVD, Walhalla, SC

    Listing date Oct 11, 2022

    MLS# 20256151

    Copyright © 2026 Western Upstate Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Hibachi Restaurant for Sale

    This is an established and successful Hibachi restaurant with a five-year lease in place, with two years remaining. The sale includes all equipment, decorations, and the remainder of the lease. This opportunity is ideal for investment or for those wanting to be in the restaurant business without starting from scratch. An item list and other information are available to interested parties. The sale does not include the building, only the lease, equipment, and restaurant paraphernalia. The seller is seeking to retire. The property is located in Seneca, South Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tuscany Salon & Spa Hair Salon Southern Elegance Grocery & Convenience Store Yoshi Japanese Restaurant Restaurant Appellation Wine Bar & Pub Bountyland Petroleum Inc Gas Station

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.991386
    Latitude
    34.708661

    Nearby Similar for Sale

    • $1,800,000

      Seneca Retail/Warehouse Opportunity

      All brick/concrete building with existing tenants and expansion potential.
      518 W N 1st Street, Seneca, SC 29678
      View Details
    • $1,900,000

      Turn-Key Restaurant Franchise Opportunity

      Turn-key national franchise restaurant with real estate for sale.
      1053 By Pass 123 Bypass, Seneca, SC 29678
      View Details
    • $490,000
      9,650 SF

      Two Warehouses Near Clemson

      Two warehouse buildings totaling 9,650 SF on one acre.
      306 By Pass 123, Seneca, SC
      View Details
    • $1,399,999
      12,000 SF

      Seneca Retail Building For Sale

      12,000 SF building with conversion potential in Seneca, SC.
      12020 North Radio Station Road, Seneca, SC 29678
      View Details
    • $125,000

      Seneca Automotive Service Property

      Automotive service property near downtown Seneca with four bays.
      919 E S 6th Street, Seneca, SC 29678
      View Details
    • $250,000

      Commercial Property on Radio Station Rd

      Commercial property with road frontage, suitable for business location.
      11081 N Radio Station Road, Seneca, SC 29678
      View Details
    • $1,399,999
      12,000 SF

      Seneca Retail Building For Sale

      12,000 SF building with conversion potential in Seneca, SC.
      12020 N Radio Station Rd, Seneca, SC 29678
      View Details
    • $599,000
      2,400 SF

      Seneca Office Space For Sale

      Office space conveniently located off Bypass 123 in Seneca, SC.
      631 By Pass 123, Seneca, SC
      View Details
    • $239,000
      1,918 SF

      Seneca Duplex Investment Opportunity

      Rare duplex near Bypass in Seneca, SC. Ideal rental portfolio.
      400 Fox Fire Ct, Seneca, SC 29672
      View Details
    • Contact for pricing
      2,900 SF

      Seneca Office Space For Rent

      Office space in the heart of Seneca, ample parking.
      735 N Townville St, Seneca, SC
      View Details
    • $3,000,000

      Seneca Self-Storage Facility for Sale

      Self-storage facility in Seneca, SC, available for purchase.
      420 Sitton Shoals Rd, Seneca, SC 29678
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey Hibachi restaurant with existing lease and equipment included.
    Where is this restaurant located?
    The property is located at 1510 Blue Ridge Boulevard Seneca, SC.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: Established and successful Hibachi restaurant.; Includes all equipment and decorations.; Five‑year lease in place (two years remaining).
    (864) 985-2353
    We can help!
    Listing Contact
    Cliff Powell
    Cliff Powell
    Real Estate License ID: 98545
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!