Restaurant Building in Active
123 North Main Street Fountain Inn, SC 29644
123 North Main Street, Fountain Inn, SC, 29644
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For Sale
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Capital-improved, fully built-out restaurant building in a high-growth area.
Property Size3,516 SF
Price / SF$426.62
Days on Market59
Property Features for 123 North Main Street
General Information
- Standard status
- Active
- Size
- 3,516 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1951
Listing Agency
Freedom Commercial
Listed by
Morgan Epps · License #128303
Source
Crexi
Added: May 19 Checked: Jul 15 at 11:19 pm
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 Freedom Commercial
Investment Insights
Based on property information with market context.
The property at 123 N Main Street presents a unique opportunity to acquire a fully built-out restaurant building in a highly active downtown area of Upstate South Carolina. The property, with a size of approximately 3,516 square feet, is suitable for an owner-operator looking to open a restaurant with minimal delay or an investor interested in a well-located retail asset within a rapidly growing submarket. Significant capital improvements have been made, including a new TPO roof, upgraded 400 AMP electrical service, and two new modern restrooms. The interior was fully built out for restaurant use in 2019 and includes two exhaust vent hoods and a complete operational layout. Furniture and equipment are available for separate purchase. The property benefits from strong street visibility and direct access to downtown foot traffic on N. Main Street, and is near established neighboring tenants. It is a 5-minute walk from the Mill at Fountain Inn and within one mile of I-85. Fountain Inn is the fastest-growing city in Upstate South Carolina and is projecting 5.04% population growth through 2028. The downtown district is anchored by the Younts Center for the Performing Arts, a farmers' market, breweries, and an expanding dining scene.
Key Highlights
- Fully built‑out restaurant space, minimizing start‑up time.
- Located in Fountain Inn, the fastest‑growing city in Upstate South Carolina.
- Recent capital improvements include a new TPO roof, upgraded electrical service, and two new restrooms.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.3k | $18.00 |
| − Vacancy | −$2.3k | −$0.65 |
| EGI | $61.0k | $17.35 |
| − OpEx | −$15.3k | −$4.34 |
| NOI | $45.8k | $13.01 |
3,516 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$653.7K
$572.0K – $762.6K
NOI $45,757 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,158 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tacos & bla bla ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Capital-improved, fully built-out restaurant building in a high-growth area.
Where is this conventional restaurant located?
The property is located at 123 North Main Street Fountain Inn, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Fully built‑out restaurant space, minimizing start‑up time.; Located in Fountain Inn, the fastest‑growing city in Upstate South Carolina.; Recent capital improvements include a new TPO roof, upgraded electrical service, and two new restrooms.
