Technical
Financial
Distress signals
Property profile

117 Main St Summerville, SC 29483

OFF-MARKET
Retail space
Property ID
US77-0938843
3,493 SF 0.09 ac lot Built 2013
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This is an approximately 4,298-square-foot, free-standing building located on Summerville’s Town Square in Downtown Summerville. The property was historically operated as a restaurant and bar and is currently configured with features used for food and beverage service, including a grease trap, a full commercial kitchen, and a full-service bar with approximately 37 tap positions; the building can also be adapted for retail use if the existing restaurant equipment is removed. The site is situated about one-half block from the Summerville Farmer’s Market and directly across from Hutchinson Square, a public event area associated with community events.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,493 SF
Lot 0.09 ac (3,798 SF)
Zoning code DMX_SV
APN 137-07-11-019
UPID US77-0938843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Charitable Organization
  • Production Facility Brewery & Distillery

Location

117 Main St Summerville, SC 29483-6007
Summerville metro Census 10700 CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
$835k
Comparable Approach Comparable
$784k
Blend (final) Blend
$520k

Owner & transaction history

since 2020
Last sale
$650,000
4 recorded transactions
2020
Price N/A
2020
$650,000
2020
Price N/A
2009
Price N/A

Zoning & alternative use

DMX_SV · Summerville, SC
Top alternative use upside
Medical building $980,000 +21.4%
Office building $920,000 +13.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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