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    Restaurant-Ready Retail Building

    8291 Savannah Highway Norway, SC 29113

    Claim this Listing
    For Sale
    $279,000

    COMMERCIAL - NORWAY, SC

    Type:Retail
    Property size:
    2,800 SF
    Lot size:
    0.59 Acres
    Price / SF:
    $99/SF
    Added:
    Jan 13, 2026
    Days on Market:
    178
    Last Refresh:
    Jul 10 at 8:06 pm

    Property Features for 8291 Savannah Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Parking
    50
    Standard status
    Active
    Size
    2,800 SF
    Lot size
    0.59 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Roof type
    Metal

    Listing agent Melissa Sprouse License #27433

    Listing office South Carolina Realty Attn: Melissa Sprouse 1083 Harbor Drive, West Columbia, SC

    Listing date Jan 13, 2026

    MLS# 624998

    Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    Built in 2016, this approximately 2,800-square-foot commercial storefront is currently configured as a fully equipped restaurant. The property includes major restaurant components such as a commercial fire suppression hood, walk-in cooler and walk-in freezer, Vulcan six-burner range with ovens and griddle, deep fryers, and a flat-top grill. Additional improvements include sandwich prep stations, prep coolers, pastry display, grab-and-go cooler, ice makers, and dry storage, along with an office and a security system. Dining furniture is included, and business inventory does not convey. Outside, the property provides parking for approximately 50 vehicles and a large lighted roadside sign for visibility from Savannah Highway, with convenient access from the highway.

    While designed for restaurant use, the existing infrastructure may support a range of commercial concepts beyond food service, subject to applicable requirements.

    Key Highlights

    • Approx. 2,800 SF commercial building built in 2016 on Savannah Highway in Norway, SC.
    • Currently configured as a fully equipped restaurant with extensive installed equipment.
    • Restaurant infrastructure includes commercial fire suppression hood, walk‑in cooler, and walk‑in freezer.

    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 $26.9k $9.60
    − Vacancy −$3.2k −$1.15
    EGI $23.7k $8.45
    − OpEx −$7.1k −$2.53
    NOI $16.6k $5.91
    2,800 SF · lease $9.60/SF/yr · vacancy 12.00% · expense 30.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $405.6K
    $354.9K – $473.3K (±1% cap)
    NOI $28,395 @ 7.0% cap · market cap 10.18%
    Second Best
    Retail
    $236.5K
    $207.0K – $276.0K (±1% cap)
    NOI $16,558 @ 7.0% cap · market cap 5.93%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Three Saucers LLC Grocery & Convenience Store

    Suggested Use

    Auto Parts Store Grocery & Convenience Store Florist Grocery & Convenience Store Pharmacy Food Market Wine and Liquor Store Auto Repair Shop Restaurant Bar & Pub

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

    FAQs

    What type of property is this?
    Conventional restaurant - A built-in 2016 storefront configured as a fully equipped restaurant with substantial parking and a roadside sign.
    Where is this conventional restaurant located?
    The property is located at 8291 Savannah Highway Norway, SC.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Approx. 2,800 SF commercial building built in 2016 on Savannah Highway in Norway, SC.; Currently configured as a fully equipped restaurant with extensive installed equipment.; Restaurant infrastructure includes commercial fire suppression hood, walk‑in cooler, and walk‑in freezer.
    Contact an agent
    (803) 791-3800
    We can help!
    Contact an agent
    Melissa Sprouse
    Melissa Sprouse
    Real Estate License ID: 27433
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