Restaurant Building with Kitchen and Bar
New
For Sale
$200,000
16 S Commerce St, Liberty, SC 29657
Existing kitchen and bar improvements support restaurant or bar use.
Property Size2,358 SF
Days on Market1
Property Features for 16 S Commerce St
General Information
Standard status
Active
Size
2,358 SF
Property subtype
Retail
Additional Details
Equipment Included
Yes
Building Details
Building Size
2,358 SF
Year Built
1930
Listing Agency:
eXp Commercial Greenville
Listed By:
Blake Alguire · License #SC #127261
(864) 873-0203
Source:
7s
Added: Oct 26
Last Checked: Oct 26 at 2:56PM
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 eXp Commercial Greenville
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Investment Insights
Based on property information with market context.
Built in 1930, this restaurant property on South Commerce Street in downtown Liberty includes kitchen and bar upfit items. Its position along the town’s main corridor places it among downtown shops and restaurants.
Easley is approximately 10 minutes away, Clemson is 15 minutes away, and Greenville is a 30-minute drive.
Easley is approximately 10 minutes away, Clemson is 15 minutes away, and Greenville is a 30-minute drive.
Key Highlights
- Kitchen and bar upfit items are included
- 1930 building on South Commerce Street in downtown Liberty
- Approximately 10 minutes from Easley, 15 minutes from Clemson, and 30 minutes from Greenville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,229
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,580
$204.6K
Cap Rate 7%
$146,129
$146.1K
Cap Rate 9%
$113,656
$113.7K
Market Conditions
NOI Build-Up for 2,358 SF
Gross rent
$14.1K $6.00/SF
− Vacancy
−$509 −$0.22/SF
EGI
$13.6K $5.78/SF
− OpEx
−$3.4K −$1.45/SF
NOI
$10.2K $4.34/SF
Area
Pickens County, SC
Vacancy
3.60%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,580
Cap Rate 7%
$146,129
Cap Rate 9%
$113,656
Alternative Uses
Best Use
Retail
$327.3K
$286.4K – $381.9K
NOI $22,913 @ 7.0% cap · market cap 11.46%
Second Best
Specialty Retail
$146.1K
$127.9K – $170.5K
NOI $10,229 @ 7.0% cap · market cap 5.11%
Theoretical Best
Mixed Use
$348.6K
$305.1K – $406.8K
NOI $24,405 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
62k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 41%
Dining 7%
Home Improvements & Furnishings 6%
Ingles
Groceries
25,347 visits/mo
0.3 miles
Dollar Tree
Shops & Services
8,433 visits/mo
0.2 miles
Dollar General
Shops & Services
7,008 visits/mo
0.4 miles
Marathon
Shops & Services
5,215 visits/mo
0.1 miles
Fiesta Grill
Dining
4,609 visits/mo
0.3 miles
Demographics for 29657, SC
15,614
Population
6,744
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
83%
High-School Grad
63.3 sq mi
ZIP Area
247
Density / Sq Mi
$56,949
Median Household Income
$37,320
Median Earnings
$869
Median Rent
$170,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing kitchen and bar improvements support restaurant or bar use.
Where is this conventional restaurant located?
The property is located at 16 S Commerce St Liberty, SC.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Kitchen and bar upfit items are included; 1930 building on South Commerce Street in downtown Liberty; Approximately 10 minutes from Easley, 15 minutes from Clemson, and 30 minutes from Greenville
