135 E Palmetto St Florence, SC 29506

4,242 SF 0.42 ac lot Built 2006

Entity Owned 20-yr Hold ~ Est. High Equity

Property ID

US77-1705388

$1,400,000 4,242 SF

135 E Palmetto St, Florence, SC 29506
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This exceptional offering presents a lucrative opportunity to acquire a highly successful, family-owned restaurant in Florence, South Carolina's vibrant Central Business District. The main restaurant, established in 1957, boasts 4,000 square feet and enjoys strong sales and profits. The sale includes the business, all furniture, fixtures, and inventory. Adding significant value is an adjacent 2,000 square foot building situated at the corner of Palmetto and Dargan Streets, currently leased to two high-quality tenants. This combined property, encompassing two buildings totaling 6,000 square feet on a single story, is offered at $3,400,000. Built in 2007, the property is classified as Class A and features a single tenancy for the restaurant and two separate units in the adjacent building. The strategic downtown location ensures consistent foot traffic and strong local clientele. This turnkey operation presents a rare chance to step into a well-established, profitable business with significant income potential from both the restaurant and the rental units. The property's prime location and strong financial performance make it an ideal investment for discerning buyers seeking a proven, successful venture in a thriving South Carolina market. The permitted zoning is Central Business District.