Freestanding Restaurant Building with
For Sale
Contact for pricing
137 East Palmetto Street, Florence, SC 29506
Corner restaurant building with parking and expansion potential.
Property SizeContact for details
Days on Market103
Property Features for 137 East Palmetto Street
General Information
Standard status
Active
Total Parking Spaces
30
Property subtype
Mixed Use, Business for Sale
Investment Type
Stabilized
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
Bootstrapped
(803) 795-7676
Listed By:
Aimee Vora · License #97197
Source:
Crexi
Added: May 19
Changed: Aug 8
Last Checked: Aug 29 at 6:24PM
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 Bootstrapped
Investment Insights
Based on property information with market context.
This freestanding corner building is located in Florence, SC, and features a dedicated on-site parking lot. The property includes prominent pylon signage on E. Palmetto St. The building has a brick exterior with a metal roof and a fully built-out interior, including a full dining room with booths and tables. An adjacent second unit is mid-renovation and available for catering, private dining, or sublease. The landlord has confirmed continued occupancy with zero displacement risk. The property has a 9-year operating history with zero loss years and 4 consecutive years of gross revenue growth verified by tax returns. Active delivery platforms, including DoorDash, GrubHub, and Uber Eats, are operational. The cost of goods sold (COGS) is held at approximately 42-43% of gross across all operating years. The property's market position is capacity-constrained, with expansion potential through the adjacent unit, which is positioned for ABC retail, a catering commissary, cooking classes, a private event space, or a ghost kitchen buildout.
Key Highlights
- Freestanding corner building with dedicated on‑site parking and prominent signage.
- Proven 9‑year operating history with zero loss years and 4 consecutive years of gross revenue growth.
- Adjacent unit available for expansion: catering, private dining, or sublease.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,342
Businesses Nearby
62k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 41%
Hotels & Casinos 7%
Wendy's
Dining
14,846 visits/mo
0.5 miles
Dollar Tree
Shops & Services
13,370 visits/mo
0.2 miles
El Agave
Dining
7,321 visits/mo
0.3 miles
KFC
Dining
7,108 visits/mo
0.3 miles
Wells Fargo
Shops & Services
5,975 visits/mo
0.2 miles
Demographics for 29506, SC
19,967
Population
8,710
Households
2.3
Avg Household Size
37
Median Age
15%
College-Educated
80%
High-School Grad
120.8 sq mi
ZIP Area
165
Density / Sq Mi
$38,441
Median Household Income
$25,677
Median Earnings
$802
Median Rent
$114,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- New China Buffet — 714 S Irby St, Florence, SC 29501
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner restaurant building with parking and expansion potential.
Where is this conventional restaurant located?
The property is located at 137 East Palmetto Street Florence, SC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Freestanding corner building with dedicated on‑site parking and prominent signage.; Proven 9‑year operating history with zero loss years and 4 consecutive years of gross revenue growth.; Adjacent unit available for expansion: catering, private dining, or sublease.
