Restaurant-Ready Retail
8291 Savannah Hwy Norway, SC 29113
For Sale
$279,000
Built in 2016, the building is already equipped for restaurant operations and includes multiple walk-in and cooking prep features.
Property Size2,800 SF
Price / SF$99.64
Days on Market192
Property Features for 8291 Savannah Hwy
General Information
- Standard status
- Active
- Size
- 2,800 SF
Listing Agency:
South Carolina Realty
(803) 312-4051
Listed By:
Melissa Sprouse · License #27433
Source:
Exprealty
Added: Jan 13
Changed: Jul 23
Last Checked: Jul 23 at 2:42PM
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 South Carolina Realty
Investment Insights
Based on property information with market context.
Built in 2016, this approximately 2,800-square-foot commercial building is currently configured as a fully equipped restaurant. The property includes extensive restaurant infrastructure and equipment such as a commercial fire suppression hood, walk-in cooler and walk-in freezer, a Vulcan six-burner range with ovens and griddle, deep fryers, a flat-top grill, sandwich prep stations, prep coolers, pastry display, grab-and-go cooler, ice makers, and dry storage. Additional included components include an office, security system, and dining furniture.
The exterior features parking for approximately 50 vehicles and a large lighted roadside sign. The property is accessed from Savannah Highway.
Business inventory does not convey, and real estate and installed equipment convey as specified by the seller.
The exterior features parking for approximately 50 vehicles and a large lighted roadside sign. The property is accessed from Savannah Highway.
Business inventory does not convey, and real estate and installed equipment convey as specified by the seller.
Key Highlights
- Built in 2016: approximately 2,800 SF commercial building already configured as a fully equipped restaurant
- Restaurant infrastructure included: commercial fire suppression hood, walk‑in cooler, and walk‑in freezer
- Kitchen equipment included: Vulcan six‑burner range with ovens and griddle, deep fryers, and flat‑top grill
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
NOI $28,395 @ 7.0% cap · market cap 10.18%
Second Best
Retail
$236.5K
$207.0K – $276.0K
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
Location Intelligence
Current Use by Public Records
Three Saucers LLC
Grocery & Convenience Store
FAQs
What type of property is this?
Conventional restaurant - Built in 2016, the building is already equipped for restaurant operations and includes multiple walk-in and cooking prep features.
Where is this conventional restaurant located?
The property is located at 8291 Savannah Hwy 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: Built in 2016: approximately 2,800 SF commercial building already configured as a fully equipped restaurant; Restaurant infrastructure included: commercial fire suppression hood, walk‑in cooler, and walk‑in freezer; Kitchen equipment included: Vulcan six‑burner range with ovens and griddle, deep fryers, and flat‑top grill
