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OFF-MARKET
Retail properties & Spaces

0 Turnkey Restaurant For Sale - Large Hood! Owner Financing Available! Spartanburg, SC 29306

5,500 SF Built 2019
Property ID
Property summary
AI-generated overview

This turnkey restaurant in Spartanburg, SC offers a fantastic opportunity for immediate operation. The 5,500 square foot space, built in 2019, boasts a fully equipped kitchen featuring an 11-foot hood, charbroiler, deep fryers, and ample prep space. Included are numerous tables, chairs, barstools, coolers, freezers, POS systems, and more. The current lease has four years remaining (expiring 04/29/2028) with a monthly rent of $6,178, inclusive of CAMS, taxes, and insurance. The restaurant comfortably seats 80 patrons indoors and offers potential for expansion or event space utilization. Located in a vibrant area near Wofford College, AC Hotel, and the Spartanburg County Library, this establishment benefits from high visibility and accessibility. The asking price is $59,000, and owner financing is available. This is a rare chance to acquire an established restaurant with minimal startup costs and significant upside potential. The seller is motivated by personal reasons. The business has eight employees. A 3D walkthrough is available.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2019
Total area 5,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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