Restaurant Space with Dual
For Sale
Contact for pricing
3751 W Palmetto St., Florence, SC 29501
Restaurant space has two driveway entrances and sits near the I-95 Exit 157 interchange.
Property Size4,190 SF
Price / SF$1.67
Days on Market44
Property Features for 3751 W Palmetto St.
General Information
Standard status
Active
Size
4,190 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
NorthGroup Real Estate LLC
(843) 999-0119
Listed By:
Brian Rodgers · License #125976
(843) 624-7887
Source:
Thenelsonteamsc
Added: Sep 21
Changed: Nov 3
Last Checked: Nov 3 at 8:53AM
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 NorthGroup Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,190-square-foot restaurant property has two driveway entrances and road frontage. It is located just off I-95 Exit 157, with access from a site described as having ample parking.
Daily traffic is reported at 17,800 vehicles on US-76 and 36,300 vehicles on I-95. Nearby businesses include McDonald’s, Waffle House, Circle K, QuikTrip, BP, and Super 8 by Wyndham.
Daily traffic is reported at 17,800 vehicles on US-76 and 36,300 vehicles on I-95. Nearby businesses include McDonald’s, Waffle House, Circle K, QuikTrip, BP, and Super 8 by Wyndham.
Key Highlights
- 4,190 SF restaurant property
- Two driveway entrances
- Just off I‑95 Exit 157
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,312
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,240
$846.2K
Cap Rate 7%
$604,457
$604.5K
Cap Rate 9%
$470,133
$470.1K
Market Conditions
NOI Build-Up for 4,190 SF
Gross rent
$58.8K $14.04/SF
− Vacancy
−$2.4K −$0.58/SF
EGI
$56.4K $13.46/SF
− OpEx
−$14.1K −$3.37/SF
NOI
$42.3K $10.10/SF
Area
Florence County, SC
Vacancy
4.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,240
Cap Rate 7%
$604,457
Cap Rate 9%
$470,133
Alternative Uses
Best Use
Specialty Retail
$604.5K
$528.9K – $705.2K
NOI $42,312 @ 7.0% cap · market cap 604.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.7K
$540.5K – $720.7K
NOI $43,241 @ 7.0% cap · market cap 617.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 16%
Hotels & Casinos 1%
Circle K
Shops & Services
18,059 visits/mo
0.3 miles
Shell
Shops & Services
14,360 visits/mo
0.2 miles
BP
Shops & Services
7,885 visits/mo
0.2 miles
Waffle House
Dining
7,526 visits/mo
0.2 miles
Super 8
Hotels & Casinos
489 visits/mo
0.2 miles
Demographics for 29501, SC
46,528
Population
20,713
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
52.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,618
Median Household Income
$46,246
Median Earnings
$995
Median Rent
$220,800
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space has two driveway entrances and sits near the I-95 Exit 157 interchange.
Where is this conventional restaurant located?
The property is located at 3751 W Palmetto St. Florence, SC.
What are key features of this property?
This property features: 4,190 SF restaurant property; Two driveway entrances; Just off I‑95 Exit 157
