Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    135 Palmetto St Florence, SC 29506

    Sponsored
    For Sale
    $3,400,000

    Thriving Restaurant & Income Property

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering presents a lucrative opportunity to acquire a highly successful, family-owned restaurant in Florence, South Carolina's vibrant Central Business District. The main restaurant, established in 1957, boasts 4,000 square feet and enjoys strong sales and profits. The sale includes the business, all furniture, fixtures, and inventory. Adding significant value is an adjacent 2,000 square foot building situated at the corner of Palmetto and Dargan Streets, currently leased to two high-quality tenants. This combined property, encompassing two buildings totaling 6,000 square feet on a single story, is offered at $3,400,000. Built in 2007, the property is classified as Class A and features a single tenancy for the restaurant and two separate units in the adjacent building. The strategic downtown location ensures consistent foot traffic and strong local clientele. This turnkey operation presents a rare chance to step into a well-established, profitable business with significant income potential from both the restaurant and the rental units. The property's prime location and strong financial performance make it an ideal investment for discerning buyers seeking a proven, successful venture in a thriving South Carolina market. The permitted zoning is Central Business District.

    Property Features for 135 Palmetto St

    General Information

    Property type
    Restaurants
    Square Feet
    6,000 SF
    Class
    A

    Building Details

    Year Built
    2007
    Buildings
    2
    Stories
    1
    Units
    3

    HighLights

    • $3,400,000 asking price for a profitable, established restaurant business.
    • 6,000 square foot restaurant in Florence, SC's Central Business District.
    • Includes two buildings totaling 6,000 square feet; the main restaurant and an adjacent building with two tenants.
    • Built in 2007, Class A property with single tenancy for the restaurant.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Drive In Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.76506394
    Latitude
    34.19384865

    Nearby Similar for Sale

    • $475,000

      West Florence Quadruplex Opportunity

      Four-unit multifamily property in desirable West Florence location.
      1040-1046 Patrick Dr, Florence, SC 29501
      View Details
    • $320,000
      0.38 Acres

      Four-Unit Multifamily Investment Property

      Four units near I-95 and McLeod Hospital. Great investment opportunity.
      1316 Harmony And Dixie St, Florence, SC 29501
      View Details
    • $1,305,000
      4,125 SF

      Established Auto Body Business For Sale

      Turn-key auto body business with real estate in Florence, SC.
      803 Ranch Rd, Florence, SC 29506
      View Details
    • Contact for pricing
      0.43 Acres

      Duplex in Florence, SC

      Two-bedroom duplex with family room, dining area, and kitchen.
      1619-B Poinsett Dr, Florence, SC 29505
      View Details
    • Contact for pricing

      Apartment Complex in Florence, SC

      Apartment units available in Florence, SC. Water included.
      730 S Dargan St, Florence, SC 29501
      View Details
    • Contact for pricing

      Apartment with Modern Amenities

      Two-bedroom apartment with stainless appliances and included utilities.
      116 S Aiken Dr, Florence, SC 29501
      View Details
    • New
      Contact for pricing

      Apartment Complex in Florence, SC

      Apartment complex available for rent in Florence, South Carolina.
      155 N Franklin Dr, Florence, SC 29501
      View Details
    • Contact for pricing

      Apartment in Florence, SC

      Apartment with new paint and flooring available in Florence.
      700 Clement St, Florence, SC 29501
      View Details
    • $638,800
      13,801 SF

      Commercial Property on S Cashua Drive

      Three buildings on three lots near Walmart in Florence, SC.
      818 Delmae Dr, Florence, SC 29501
      View Details
    • $207,000
      0.24 Acres

      Florence Duplex with Rental Income

      Brick duplex in Florence, SC, with existing leases.
      906/908 Sherwood Dr, Florence, SC 29501
      View Details
    • $1,389,000
      4,160 SF

      Retail Property in Prime Location

      Single-tenant net-leased The Vitamin Shoppe in Florence, SC.
      2590 David H Mcleod Blvd, Florence, SC 29501
      View Details
    • $449,900
      1.70 Acres

      Florence, SC Income Property

      Income-producing property featuring multiple homes, apartments, and mobile home lots.
      130 N Mustang Rd, Florence, SC 29506
      View Details

    FAQs

    What type of property is this?
    Restaurant - Thriving Restaurant & Income Property
    Where is this restaurant located?
    The property is located at 135 Palmetto St Florence, SC.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: $3,400,000 asking price for a profitable, established restaurant business.; 6,000 square foot restaurant in Florence, SC's Central Business District.; Includes two buildings totaling 6,000 square feet; the main restaurant and an adjacent building with two tenants.
    Request Owner's contact information
    135 Palmetto St Florence, SC 29506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    135 Palmetto St
    Florence, SC 29506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    135 Palmetto St Florence, SC 29506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.