Turnkey Restaurant with Highway
For Sale
$2,000,000
105 Centerville Rd, Anderson, SC 29625
Turnkey restaurant sale includes interior equipment, with prominent frontage on Pearman Dairy Rd less than a mile from I-85.
Property Size5,333 SF
Days on Market118
Property Features for 105 Centerville Rd
General Information
Standard status
Active
Size
5,333 SF
Property subtype
Commercial
Site & Location
Traffic Count
20,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
5,333 SF
Year Built
2008
Listing Agency:
Matthews Real Estate Investment Services - Corporate
Listed By:
Clay Smith · License #361676 (TN)
(615) 412-1630
Source:
Matthews
Added: Jun 28
Changed: Oct 5
Last Checked: Oct 20 at 5:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services - Corporate
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Investment Insights
Based on property information with market context.
This turnkey restaurant property includes the existing restaurant operation, “The Clock,” which will close upon sale, and interior restaurant equipment is included. The site is positioned to support continued restaurant use and adaptive reuse with minimal setup given the included equipment package.
The property offers prominent highway frontage along Pearman Dairy Rd, located less than one mile from I-85. Public remarks indicate approximately 120,500 vehicles per day on Pearman Dairy Rd, supporting strong daily visibility for retail, dining, or service concepts in a growing retail and industrial corridor.
The property offers prominent highway frontage along Pearman Dairy Rd, located less than one mile from I-85. Public remarks indicate approximately 120,500 vehicles per day on Pearman Dairy Rd, supporting strong daily visibility for retail, dining, or service concepts in a growing retail and industrial corridor.
Key Highlights
- Built in 2008
- Restaurant sale includes interior restaurant equipment; existing operation (“The Clock”) closes upon sale
- Located on Pearman Dairy Rd with ±20,500 vehicles per day traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,961
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,159,220
$2.2M
Cap Rate 7%
$1,542,300
$1.5M
Cap Rate 9%
$1,199,567
$1.2M
Market Conditions
NOI Build-Up for 5,333 SF
Gross rent
$160.0K $30.00/SF
− Vacancy
−$5.8K −$1.08/SF
EGI
$154.2K $28.92/SF
− OpEx
−$46.3K −$8.68/SF
NOI
$108.0K $20.24/SF
Area
Anderson County, SC
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,159,220
Cap Rate 7%
$1,542,300
Cap Rate 9%
$1,199,567
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,961 @ 7.0% cap · market cap 5.40%
Second Best
Specialty Retail
$991.5K
$867.6K – $1.16M
NOI $69,404 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$57.74M
$50.52M – $67.36M
NOI $4,041,895 @ 7.0% cap · market cap 202.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
20,500 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29625, SC
28,521
Population
13,716
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
46.9 sq mi
ZIP Area
608
Density / Sq Mi
$58,746
Median Household Income
$36,120
Median Earnings
$1,015
Median Rent
$210,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant sale includes interior equipment, with prominent frontage on Pearman Dairy Rd less than a mile from I-85.
Where is this conventional restaurant located?
The property is located at 105 Centerville Rd Anderson, SC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Built in 2008; Restaurant sale includes interior restaurant equipment; existing operation (“The Clock”) closes upon sale; Located on Pearman Dairy Rd with ±20,500 vehicles per day traffic
