Dual-Storefront Restaurant
For Sale
$799,000
124 And 118 N Townville Street Ye Ole Restaurant, Seneca, SC 29678
Two storefront spaces provide restaurant, confectionery, and banquet-room functionality for food and event operations.
Property Size5,772 SF
Price / SF$138.43
Days on Market53
Property Features for 124 And 118 N Townville Street Ye Ole Restaurant
General Information
Standard status
Active
Size
5,772 SF
Additional Details
Opportunity Zone
Yes
Traffic Count
11,500 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Executive/Greenville
Listed By:
Adrienne Hennes · License #13470
(864) 241-8200
Source:
Greenvilleheartproperties
Added: Aug 22
Changed: Oct 7
Last Checked: Oct 7 at 4:09PM
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 RE/MAX Executive/Greenville
Investment Insights
Based on property information with market context.
This offering combines two vacant storefront properties at 124 and 118 N Townsville Street in downtown Seneca. The restaurant space contains 3,224 square feet, while the adjoining ice cream and confectionery space provides 2,548 square feet along with a large banquet room for celebrations. Together, the buildings comprise 5,772 square feet of commercial space.
Property improvements include a Hydro-Top roof, solar hot water with electric backup, and three HVAC systems. The storefront configuration supports separate operations or a combined food, retail, and event concept, and the buildings may be offered separately. The downtown setting includes reported traffic of 11,500 vehicles per day and pedestrian activity associated with recurring Thursday evening Jazz Fest programming during the spring, summer, and fall.
Property improvements include a Hydro-Top roof, solar hot water with electric backup, and three HVAC systems. The storefront configuration supports separate operations or a combined food, retail, and event concept, and the buildings may be offered separately. The downtown setting includes reported traffic of 11,500 vehicles per day and pedestrian activity associated with recurring Thursday evening Jazz Fest programming during the spring, summer, and fall.
Key Highlights
- Two storefront properties totaling 5,772 SF
- Restaurant space measures 3,224 SF at 124 N Townsville Street
- Ice cream and confectionery space includes 2,548 SF and a large banquet room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,109
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,180
$1.4M
Cap Rate 7%
$1,001,557
$1.0M
Cap Rate 9%
$778,989
$779.0K
Market Conditions
NOI Build-Up for 5,772 SF
Gross rent
$103.9K $18.00/SF
− Vacancy
−$3.7K −$0.65/SF
EGI
$100.2K $17.35/SF
− OpEx
−$30.0K −$5.21/SF
NOI
$70.1K $12.15/SF
Area
Oconee County, SC
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,180
Cap Rate 7%
$1,001,557
Cap Rate 9%
$778,989
Alternative Uses
Best Use
Specialty Retail
$1.07M
$939.0K – $1.25M
NOI $75,117 @ 7.0% cap · market cap 9.40%
Second Best
Retail
$1.00M
$876.4K – $1.17M
NOI $70,109 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,425 @ 7.0% cap · market cap 12.69%
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
Lease Details
11,500 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wells Fargo
Shops & Services
7,262 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,481 visits/mo
0.3 miles
Demographics for 29678, SC
23,700
Population
11,742
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
85%
High-School Grad
79.8 sq mi
ZIP Area
297
Density / Sq Mi
$49,699
Median Household Income
$33,779
Median Earnings
$943
Median Rent
$205,600
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two storefront spaces provide restaurant, confectionery, and banquet-room functionality for food and event operations.
Where is this conventional restaurant located?
The property is located at 124 And 118 N Townville Street Ye Ole Restaurant Seneca, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two storefront properties totaling 5,772 SF; Restaurant space measures 3,224 SF at 124 N Townsville Street; Ice cream and confectionery space includes 2,548 SF and a large banquet room
