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Retail or Restaurant Opportunity

26 Walnut Lane Travelers Rest, SC 29690

26 Walnut Lane, Travelers Rest, SC, 29690
$499,000
For Sale
Claim this Listing
$499,000

Two buildings on 0.5 acres suitable for retail/restaurant.

Property Size1,800 SF
Lot Size0.50 Acres
Price / SF$277.22
AddedJun 8, 2025
Days on Market403
Last RefreshJul 5 at 4:36 am

Property Features for 26 Walnut Lane

General Information

Standard status
Active
Size
1,800 SF
Lot size
0.50 Acres
Property subtype
Commercial/Industrial / Commercial

Listing office Poinsett Auction & Realty

Listing date Jun 8, 2025

Source Compass

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 Poinsett Auction & Realty


Investment Insights

Based on property information with market context.

This property features two buildings situated on a 0.5-acre lot. The main building offers 1800 square feet of space, suitable for retail or restaurant use. Additionally, there is a 1000-square-foot storage building equipped with a roll-up door. The property includes two lots identified by Tax Map numbers 0491000101700 and 0491000101800. Please note that the heating and AC unit is not functioning.

Key Highlights

  • Great Location for Retail or Restaurant
  • Two Buildings on 1/2 Acre of Land
  • Main Building: 1800 Sq. Ft.

Local Financial Insights For 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 $39.5k $21.96
− Vacancy −$1.4k −$0.79
EGI $38.1k $21.17
− OpEx −$11.4k −$6.35
NOI $26.7k $14.82
1,800 SF · lease $21.96/SF/yr · vacancy 3.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$381.0K
$333.4K – $444.6K (±1% cap)
NOI $26,673 @ 7.0% cap · market cap 5.35%
Second Best
Specialty Retail
$334.6K
$292.8K – $390.4K (±1% cap)
NOI $23,425 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$769.1K
$672.9K – $897.3K (±1% cap)
NOI $53,835 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Pinguinos Hermanos Travelers ... Restaurant T & W Pre-Owned Car Dealership

Suggested Use

Parking Lot & Garage Big Box & Wholesale Store Electrical Service HVAC Service Locksmith (Bike/Boat/Book/etc) Store Daycare Center Grocery & Convenience Store Grocery & Convenience Store Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Two buildings on 0.5 acres suitable for retail/restaurant.
Where is this retail space located?
The property is located at 26 Walnut Lane Travelers Rest, SC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Great Location for Retail or Restaurant; Two Buildings on 1/2 Acre of Land; Main Building: 1800 Sq. Ft.
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