Rivers Avenue Restaurant
6150 Rivers Ave North Charleston, SC 29406
6150 Rivers Ave, North Charleston, SC, 29406
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For Sale
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Freestanding restaurant building on Rivers Avenue with abundant parking.
Property Size2,400 SF
Lot Size0.96 Acres
Price / SF$458.33
Days on Market2288
Property Features for 6150 Rivers Ave
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.96 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing Agency
Sperry Commercial
(843) 514-0761
Listed by
Steve Radekopf · License #SC 23726
Source
Crexi
Added: Apr 16, 2020 Updated: Jul 6 at 7:49 am Checked: Jul 20 at 7:21 am
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 Sperry Commercial
Investment Insights
Based on property information with market context.
This is a freestanding 2,400-square-foot building situated on 0.96 acres. Constructed with masonry, the property includes a hood system, grease trap, and a walk-in cooler/freezer. It also features men's and women's ADA-compatible restrooms. The site offers 41 or more parking spaces. The property is located on Rivers Avenue. There is extra land adjacent to the building. The current lease extends through December 2024, with a market rate rent for the next option.
Key Highlights
- Free‑standing 2,400 sq ft building on .96 acres on Rivers Ave.
- Existing successful tenant with lease through 12/2024 and market rate rent for next option.
- Abundant parking with 41+ spaces and extra land adjacent.
Local Financial Insights For Specialty 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 | $50.4k | $21.00 |
| − Vacancy | −$3.5k | −$1.47 |
| EGI | $46.9k | $19.53 |
| − OpEx | −$11.7k | −$4.88 |
| NOI | $35.2k | $14.65 |
2,400 SF · lease $21.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$502.2K
$439.4K – $585.9K
NOI $35,154 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
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FAQs
What type of property is this?
Restaurant - Freestanding restaurant building on Rivers Avenue with abundant parking.
Where is this restaurant located?
The property is located at 6150 Rivers Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Free‑standing 2,400 sq ft building on .96 acres on Rivers Ave.; Existing successful tenant with lease through 12/2024 and market rate rent for next option.; Abundant parking with 41+ spaces and extra land adjacent.
