Building Details

Floors in Building 1

Roof type Metal

Listing Agency: South Carolina Realty c***@reagan.com Show Phone

Listed By: Melissa Sprouse · License #27433 Show Phone

Added: Jan 13 Changed: Oct 2 Last Checked: Oct 7 at 8:06PM

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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 2,800-square-foot restaurant property occupies 0.59 acres at 8291 Savannah Highway in Norway, South Carolina. The building includes a commercial fire-suppression hood, walk-in cooler and freezer, Vulcan six-burner range with ovens and griddle, fryers, flat-top grill, prep stations, display and grab-and-go coolers, ice makers, dry storage, office space, security system, and dining furniture. Central air and a metal roof are also in place.

The property is zoned Commercial and provides approximately 50 parking spaces, a lighted roadside sign, and access from Savannah Highway. The existing configuration supports restaurant operations, while the installed equipment and interior areas provide a foundation for other food-service or retail uses. Business inventory does not convey; real estate and installed equipment convey as specified by the seller.

Key Highlights

• 2,800‑square‑foot restaurant building constructed in 2016
• 0.59‑acre property with approximately 50 parking spaces
• Commercial fire‑suppression hood, walk‑in cooler, and walk‑in freezer

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,558

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,160 $331.2K

Cap Rate 7%

$236,543 $236.5K

Cap Rate 9%

$183,978 $184.0K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$26.9K $9.60/SF

− Vacancy

−$3.2K −$1.15/SF

EGI

$23.7K $8.45/SF

− OpEx

−$7.1K −$2.53/SF

NOI

$16.6K $5.91/SF

Area

Orangeburg County, SC

Vacancy

12.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,160

Cap Rate 7%

$236,543

Cap Rate 9%

$183,978

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 authorities.

Property Analytics

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Current Use

Three Saucers LLC Grocery & Convenience Store

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Florist Pharmacy Food Market Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Family Dollar Shops & Services

3,172 visits/mo 0.2 miles

Demographics for 29113, SC

1,384

Population

841

Households

1.6

Avg Household Size

45

Median Age

13%

College-Educated

82%

High-School Grad

41.5 sq mi

ZIP Area

33

Density / Sq Mi

$50,455

Median Household Income

$41,100

Median Earnings

$863

Median Rent

$88,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Commercial restaurant property with established food-service infrastructure, customer parking, and direct access from Savannah Highway.

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: 2,800‑square‑foot restaurant building constructed in 2016; 0.59‑acre property with approximately 50 parking spaces; Commercial fire‑suppression hood, walk‑in cooler, and walk‑in freezer