000 Summerville Sc Restaurant Space For Sale Summerville, SC 29483
- Retail properties
- 1,405 SF
Current Use by Public Records
- Retail properties
Property Details for 000 Summerville Sc Restaurant Space For Sale
- Year built
- 2013
- Property size
- 1,405 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 1,405 square foot restaurant space in Summerville, South Carolina, is available for $50,000. Located in Azalea Square shopping center, at the intersection of I-26 and Route 17, this property benefits from high foot traffic and visibility. The center attracted nearly six million visitors in 2023 and boasts anchor tenants such as Target, Best Buy, and Regal Theaters, among others. The restaurant space is fully equipped with key operational equipment including refrigeration, storage, a grease trap, and a three-compartment sink. Additional equipment includes five froyo machines, a cold pan unit, an eight-tub dipping cabinet, and various other small wares. The lease is assignable, with a term of two years, expiring July 30, 2026, and includes two five-year option periods. The current monthly base rent is $4,100, with favorable rent escalation terms over the seven-year period. The surrounding area is experiencing significant residential growth, with over 21,000 existing housing units and an additional 34,000 units planned in nearby master-planned communities. This presents a significant opportunity for growth and expansion. The property is an asset sale, and seller financing is not available. This is a turn-key opportunity ideal for quick-serve franchises or independent restaurant concepts. The space is ready for immediate operation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Summerville
- County
- Charleston
- State
- South Carolina
- Longitude
- -80.2098
- Latitude
- 33.0753
