Greenwood Fine Dining Restaurant For
For Sale
$495,000
114 Old Abbeville Hwy, Greenwood, SC 29649
Fine Dining Restaurant in Greenwood, SC
Property Size1,800 SF
Lot Size1.00 Acre
Price / SF$275
Days on Market374
Property Features for 114 Old Abbeville Hwy
General Information
Standard status
Active
Property type
Conventional restaurants, Restaurants
Size
1,800 SF
Net Rentable
1,800 SF
Class
C
Total Parking Spaces
25
Elevators
N/A
Lot size
1.00 Acre
Occupancy
50%
Sale Condition
Lease Option
Investment Type
Sale/leaseback
Building Details
Year Built
1927
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Listed By:
Syed Ali
(864) 554-0041
Added: Oct 5, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This established fine dining restaurant, operating since 1990, is available for purchase. The property has been recently completely remodeled and features multiple elegant dining rooms and a spacious, fully equipped commercial kitchen. This turnkey business is ready for a new owner, as the current owner is retiring. The restaurant is beautifully decorated, creating a warm and inviting atmosphere. Some décor pieces may be available for purchase separately. The property also includes multiple outdoor buildings for storage and sits on nearly one acre of land, providing excellent potential for landscaping and outdoor dining. The space is ideal for hosting events, private parties, and special occasions in a charming and versatile setting. The property is located in Greenwood, South Carolina.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,425
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,500
$468.5K
Cap Rate 7%
$334,643
$334.6K
Cap Rate 9%
$260,278
$260.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$31.2K $17.35/SF
− OpEx
−$7.8K −$4.34/SF
NOI
$23.4K $13.01/SF
Area
Greenwood County, SC
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,500
Cap Rate 7%
$334,643
Cap Rate 9%
$260,278
Alternative Uses
Best Use
Specialty Retail
$334.6K
$292.8K – $390.4K
NOI $23,425 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.4K
$494.8K – $659.7K
NOI $39,581 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fine Dining Restaurant in Greenwood, SC
Where is this conventional restaurant located?
The property is located at 114 Old Abbeville Hwy Greenwood, SC.
What is the asking price?
The asking price for this property is $495,000.
