Technical
Financial
Distress signals
Property profile

1859 Sam Rittenberg Blvd Charleston, SC 29407

OFF-MARKET
Turn key restaurants
Property ID
US77-0119604
3,682 SF 0.98 ac lot Built 1987
Trust Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in Charleston, South Carolina, presents a unique chance to acquire a thriving business and prime real estate. Located at 1859 Sam Rittenberg Blvd, this 3,682 square foot property boasts a strong sales history and sits on a 0.98-acre lot. The property includes a substantial 1,200 square foot covered patio, perfect for outdoor dining. Ample parking is provided with 90 spaces, ensuring convenient access for patrons. The restaurant enjoys excellent visibility from its location on the busy Sam Rittenberg Boulevard, a major thoroughfare in West Ashley. Its strategic position places it within a mile of the Citadel Mall and in close proximity to a variety of major retailers, including TJ Maxx, Costco, Home Goods, Total Wine, Harris Teeter, and Best Buy, creating a high-traffic environment. The asking price for this exceptional property is $2,650,000. The lease agreement requires the sale of the existing business. This is a rare opportunity to acquire a well-established restaurant with a proven track record in a highly desirable location. The property's size, parking, and visibility make it an ideal investment for a discerning buyer seeking a turnkey operation in a thriving Charleston market. The sale includes the business and all associated assets.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1987
Total area 3,682 SF
Lot 0.98 ac (42,689 SF)
APN 351-14-00-001
UPID US77-0119604

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
  • Restaurant

Location

1859 Sam Rittenberg Blvd Charleston, SC 29407-4870
Charleston metro Census 2701 CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.56M
Blend (final) Blend
$2.87M

Owner & transaction history

since 2007
5 recorded transactions
2018
Price N/A
2007
$2.8M
2006
$2.8M
2002
Price N/A
1969
Price N/A

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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