Former Restaurant with FF&E
For Sale
Contact for pricing
1740 Highmarket St, Georgetown, SC 29440
Former restaurant offering 3,432 SF and 73 seats, with all furniture, fixtures, and restaurant equipment included.
Property Size3,432 SF
Lot Size0.73 Acres
Price / SF$202.51
Days on Market158
Property Features for 1740 Highmarket St
General Information
Standard status
Active
Size
3,432 SF
Lot size
0.73 Acres
Property subtype
RETAIL
Zoning
GC
Additional Details
Furnished
Yes
Traffic Count
17,000 vehicles/day
Listing Agency:
Keystone Commercial Realty
(336) 209-8109
Listed By:
JD Yearwood · License #260199
(336) 209-8109
Source:
Moodyscre
Added: Feb 23
Changed: Jul 26
Last Checked: Jul 31 at 12:22PM
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 Keystone Commercial Realty
Investment Insights
Based on property information with market context.
This former restaurant property provides 3,432 SF and includes all furniture, fixtures, and restaurant equipment in the sale. The space is configured for dining with approximately 73 seats, making it suitable for an operator looking for a turnkey starting point.
The property sits on a roughly 0.73-acre parcel and is located in close proximity to other retailers, services, and the Historic Georgetown waterfront. Reported traffic counts include 17,000 AATD on Highmarket (521/17A) and 6,100 AATD on N. Merriman. Tidelands Georgetown Memorial Hospital is approximately 1 mile away.
Zoned GC under the City of Georgetown, the sale includes the restaurant’s FF&E and totals 3,432 SF.
The property sits on a roughly 0.73-acre parcel and is located in close proximity to other retailers, services, and the Historic Georgetown waterfront. Reported traffic counts include 17,000 AATD on Highmarket (521/17A) and 6,100 AATD on N. Merriman. Tidelands Georgetown Memorial Hospital is approximately 1 mile away.
Zoned GC under the City of Georgetown, the sale includes the restaurant’s FF&E and totals 3,432 SF.
Key Highlights
- 3,432 SF former restaurant with ±73 seats
- Includes all furniture, fixtures, and restaurant equipment with the sale
- ±0.73‑acre lot
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 | $58.5k | $17.04 |
| − Vacancy | −$3.6k | −$1.06 |
| EGI | $54.9k | $15.98 |
| − OpEx | −$13.7k | −$4.00 |
| NOI | $41.1k | $11.99 |
3,432 SF · lease $17.04/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$587.7K
$514.3K – $685.7K
NOI $41,142 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$941.3K
$823.7K – $1.10M
NOI $65,894 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29440, SC
27,451
Population
13,845
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
523.1 sq mi
ZIP Area
52
Density / Sq Mi
$54,926
Median Household Income
$33,636
Median Earnings
$912
Median Rent
$160,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant offering 3,432 SF and 73 seats, with all furniture, fixtures, and restaurant equipment included.
Where is this conventional restaurant located?
The property is located at 1740 Highmarket St Georgetown, SC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,432 SF former restaurant with ±73 seats; Includes all furniture, fixtures, and restaurant equipment with the sale; ±0.73‑acre lot
