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Property profile & analytics
OFF-MARKET Estimated value $1,995,000
Turn key restaurants

1859 Sam Rittenberg Blvd Charleston, SC 29407-4870

3,682 SF 0.98 ac lot Built 1987
Trust Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US77-0119604
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • La Hacienda Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.56M
Blend (final) Blend
$2.00M
Owner & transaction history
Voss Rosemary J Living Trust · 18 yrs held
Voss Rosemary J Living Trust
since 2007
5 recorded transactions
2018
Price N/A
2007
$2.8M
2006
$2.8M
2002
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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