Freestanding Restaurant with
6165 Savannah Hwy, Ravenel, SC 29470
For Sale
$800,000
Includes onsite parking and a separate small smokehouse area.
Property Size2,000 SF
Price / SF$400
Days on Market95
Property Features for 6165 Savannah Hwy
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listing Agency:
NAI Charleston
Listed By:
Will Sherrod, CCIM · License SC #79410
(843) 364-3796
Source:
Naicharleston
Added: Aug 8
Changed: Nov 8
Last Checked: Nov 8 at 4:51AM
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 NAI Charleston
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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.
This freestanding restaurant property includes approximately 2,000 SF of building area, onsite parking, and a separate small smokehouse. The improvements are configured for restaurant operations and are located on Savannah Hwy in Ravenel, South Carolina.
The surrounding development pipeline includes Hillcrest, a project under construction with 381 homes on approximately 120 AC and an approximately 51 AC commercial area. Tea Farm is also under construction with 400 approved residential units, adding substantial planned residential activity near the property.
The surrounding development pipeline includes Hillcrest, a project under construction with 381 homes on approximately 120 AC and an approximately 51 AC commercial area. Tea Farm is also under construction with 400 approved residential units, adding substantial planned residential activity near the property.
Key Highlights
- Freestanding restaurant with a separate small smokehouse
- Approximately ±2,000 SF of restaurant space
- Ample onsite parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,746
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,920
$754.9K
Cap Rate 7%
$539,229
$539.2K
Cap Rate 9%
$419,400
$419.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$55.9K $27.96/SF
− Vacancy
−$5.6K −$2.80/SF
EGI
$50.3K $25.16/SF
− OpEx
−$12.6K −$6.29/SF
NOI
$37.7K $18.87/SF
Area
Charleston County, SC
Vacancy
10.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,920
Cap Rate 7%
$539,229
Cap Rate 9%
$419,400
Alternative Uses
Best Use
Specialty Retail
$539.2K
$471.8K – $629.1K
NOI $37,746 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.0K
$635.3K – $847.0K
NOI $50,820 @ 7.0% cap · market cap 6.35%
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
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
73k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 25%
Dining 21%
Food Lion Grocery Store
Groceries
17,988 visits/mo
0.4 miles
Circle K
Shops & Services
17,198 visits/mo
0.3 miles
Hardee's
Dining
15,747 visits/mo
0.4 miles
Shell
Shops & Services
11,060 visits/mo
0.3 miles
Dollar General
Shops & Services
4,127 visits/mo
0.2 miles
Demographics for 29470, SC
4,598
Population
2,370
Households
1.9
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
72.5 sq mi
ZIP Area
63
Density / Sq Mi
$69,762
Median Household Income
$41,425
Median Earnings
$971
Median Rent
$243,800
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 - Includes onsite parking and a separate small smokehouse area.
Where is this conventional restaurant located?
The property is located at 6165 Savannah Hwy Ravenel, SC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Freestanding restaurant with a separate small smokehouse; Approximately ±2,000 SF of restaurant space; Ample onsite parking
