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21101 Fraser St Georgetown, SC 29440-9202

OFF-MARKET Turn key restaurants Google Maps
3,852 SF 1.13 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US77-2611664

Property summary

AI-generated overview

This exceptional commercial property, located at 21101 N Fraser St. in Georgetown, South Carolina, presents a unique investment opportunity. The property encompasses a substantial 3,400 square foot building situated on a generous 1.13-acre lot, offering ample space for a variety of commercial ventures. Currently configured as a full-service restaurant, the property is well-suited for continued operation in the food service industry or adaptable to other commercial uses. The building's layout is designed to accommodate a full-service restaurant operation, with existing infrastructure in place. The property benefits from a modified lease agreement, where the landlord is responsible for property taxes and insurance. The tenant is responsible for all other operating expenses, including trash removal, utilities, landscaping, and building maintenance. This arrangement provides a clear and straightforward cost structure for potential buyers. The strategic location in Georgetown, SC, offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving community. The substantial lot size provides ample parking and potential for future expansion or development. This turnkey opportunity is priced at $310,000 and presents a compelling investment prospect for discerning buyers. Serious inquiries are encouraged.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Construction WOOD
Total area 3,852 SF
Lot 1.13 ac (49,223 SF)
APN 03-0450-024-05-04
UPID US77-2611664

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2022
Last sale
$235,000
2 recorded transactions
2022
$235,000
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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