Rivers Avenue Restaurant
For Sale
Contact for pricing
6150 Rivers Ave, North Charleston, SC 29406
Freestanding restaurant building on Rivers Avenue with abundant parking.
Property Size2,400 SF
Lot Size0.96 Acres
Price / SF$406.25
Days on Market2378
Property Features for 6150 Rivers Ave
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
41
Lot size
0.96 Acres
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1978
Year Renovated
2022
Units
1
Listing Agency:
Sperry Commercial
Listed By:
Steve Radekopf · License #SC 23726
(843) 514-0761
Source:
Crexi
Added: Apr 16, 2020
Changed: Oct 14
Last Checked: Oct 19 at 5:56AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,154
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,080
$703.1K
Cap Rate 7%
$502,200
$502.2K
Cap Rate 9%
$390,600
$390.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$50.4K $21.00/SF
− Vacancy
−$3.5K −$1.47/SF
EGI
$46.9K $19.53/SF
− OpEx
−$11.7K −$4.88/SF
NOI
$35.2K $14.65/SF
Area
North Charleston, SC
Vacancy
7.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,080
Cap Rate 7%
$502,200
Cap Rate 9%
$390,600
Alternative Uses
Best Use
Specialty Retail
$502.2K
$439.4K – $585.9K
NOI $35,154 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29406, SC
32,730
Population
14,542
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
82%
High-School Grad
15.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,640
Median Household Income
$36,741
Median Earnings
$1,305
Median Rent
$209,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 $975,000.
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.
