168 2Nd St Cheraw, SC 29520
- Retail properties
- 1,986 SF
- 0.05 lot acres
Current Use by Public Records
- Bistro on 2nd Street / Restaurant
Property Details for 168 2Nd St
- Lot size
- 0.05 lot acres
- Property size
- 1,986 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This charming, 1,986-square-foot bistro, located at 168 2nd Street in Cheraw, South Carolina, presents a unique investment opportunity. The property, situated on a 0.046-acre lot (APN 271-013-010-034), boasts a prime location in the heart of downtown Cheraw, with 25 feet of frontage along 2nd Street, a vibrant area featuring a mix of offices, restaurants, and retail establishments. The building, which is a single-story structure, underwent a complete renovation in 2020. All fixtures, furniture, and equipment (FF&E), as well as the HVAC system, are less than five years old, ensuring a smooth transition for the new owner. The property is zoned CC (Core Commercial) and offers significant potential for continued success. The asking price is $495,000, translating to $249.24 per square foot. Daily traffic counts on 2nd Street average 4,000 vehicles, and Market Street sees 7,100 vehicles per day, indicating high visibility and potential customer traffic. This turnkey operation is ideal for an owner-operator seeking a well-established restaurant with significant upside. The sale includes the building and all existing business assets.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cheraw
- County
- Chesterfield
- State
- South Carolina
- Longitude
- -79.8828
- Latitude
- 34.6971
