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    701 Union Hwy Enoree, SC 29335

    Sponsored
    For Sale
    $179,000

    Profitable Convenience Store & Restaurant

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully renovated 1,500 square foot convenience store and restaurant located at 701 Union Hwy, Enoree, SC 29335, in Spartanburg County. The property sits on a lot ranging from 0.5 to 0.99 acres and includes two single-story buildings. Currently vacant, this turnkey operation boasts brand new equipment and prep stations, ready for immediate occupancy. The asking price is $179,000, representing a compelling price per square foot of $119.33. Financial projections indicate a strong pro-forma NOI of $72,000 and a remarkable pro-forma cap rate of 40.22%. This owner-user investment presents significant growth potential in a high-demand area. The property's APN is 4-63-00-061.02. This is a rare chance to acquire a well-equipped, renovated business in a thriving location. The property's previous success demonstrates its earning potential, making it an attractive proposition for savvy investors. Don't miss this chance to capitalize on this lucrative opportunity.

    Property Features for 701 Union Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,500 SF
    Lot Size
    21,780 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • High‑traffic convenience store location.
    • Established take‑out restaurant with existing operations.
    • Significant potential for future growth and expansion.
    • Strong tenant demand in a high‑growth area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mama T's Country ... Convenience Store

    Suggested Use

    Food Market Grocery Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Enoree
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.860808335335
    Latitude
    34.64184359782

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Convenience Store & Restaurant
    Where is this individual retail property located?
    The property is located at 701 Union Hwy Enoree, SC.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: High-traffic convenience store location.; Established take-out restaurant with existing operations.; Significant potential for future growth and expansion.
    Request Owner's contact information
    701 Union Hwy Enoree, SC 29335
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    Enoree, SC 29335
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 Union Hwy Enoree, SC 29335
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