Established Restaurant in Pickens,
For Sale
Contact for pricing
107 S Catherine St, Pickens, SC
3,607 SF restaurant on 0.42 acres with ample parking.
Property Size3,610 SF
Lot Size0.42 Acres
Price / SF$124.65
Days on Market1132
Property Features for 107 S Catherine St
General Information
Standard status
Active
Size
3,610 SF
Lot size
0.42 Acres
Property subtype
RETAIL
Listing Agency:
Wilson Kibler | Greenville
(864) 679-8600
Listed By:
Scott Snedigar · License #82732
(864) 444-4814
Source:
Moodyscre
Added: Sep 19, 2023
Changed: Oct 7
Last Checked: Oct 23 at 11:01AM
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 Wilson Kibler | Greenville
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 3,607 square-foot restaurant situated on 0.42 acres. The restaurant has been family-owned and operated for almost 40 years. It has a seating capacity for 100 people and ample parking. The property is the only family-style restaurant in Pickens. It is fully sprinklered and includes a walk-in freezer and refrigerator. The restaurant also features office space and an exhaust hood with a fire suppression system in place.
Key Highlights
- 3,607 SF Restaurant on 0.42 Acres
- Seating capacity for 100 people
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,079
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,580
$701.6K
Cap Rate 7%
$501,129
$501.1K
Cap Rate 9%
$389,767
$389.8K
Market Conditions
NOI Build-Up for 3,610 SF
Gross rent
$52.0K $14.40/SF
− Vacancy
−$1.9K −$0.52/SF
EGI
$50.1K $13.88/SF
− OpEx
−$15.0K −$4.16/SF
NOI
$35.1K $9.72/SF
Area
Pickens County, SC
Vacancy
3.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,580
Cap Rate 7%
$501,129
Cap Rate 9%
$389,767
Alternative Uses
Best Use
Retail
$501.1K
$438.5K – $584.7K
NOI $35,079 @ 7.0% cap · market cap 7.80%
Second Best
Specialty Retail
$223.7K
$195.8K – $261.0K
NOI $15,660 @ 7.0% cap · market cap 3.48%
Theoretical Best
Mixed Use
$533.8K
$467.1K – $622.7K
NOI $37,364 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
69k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
McDonald's
Dining
26,519 visits/mo
0.3 miles
Hardee's
Dining
9,280 visits/mo
0.4 miles
Dollar General
Shops & Services
7,048 visits/mo
0.4 miles
Arby's
Dining
6,928 visits/mo
0.4 miles
Truist
Shops & Services
4,261 visits/mo
0.0 miles
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
Similar Off Market Nearby
- BARBARA CATERING SERVICE — 321 W Jones Ave, Pickens, SC 29671, United States
Frequently Asked Questions
What type of property is this?
Restaurant - 3,607 SF restaurant on 0.42 acres with ample parking.
Where is this restaurant located?
The property is located at 107 S Catherine St Pickens, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,607 SF Restaurant on 0.42 Acres; Seating capacity for 100 people; Ample parking available
