21101 Fraser St Georgetown, SC 29440
- Turn key restaurants
- 3,852 SF
- 1.13 lot acres
Current Use by Public Records
- Big Mama's Country and Soul / Restaurant
Property Details for 21101 Fraser St
- Year built
- 1990
- Construction
- WOOD
- Lot size
- 1.13 lot acres
- Property size
- 3,852 SF
- Property type
- Turn key restaurants
- APN
- 03-0450-024-05-04
- APU
- 304500240504
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $290,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $295,000
- Mixed-Use
- $250,000
- Hospitality
- $320,000
- Educational
- $265,000
- Residential Income
- $245,000
- Energy
- $280,000
- Income-Based Land
- $250,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Georgetown
- State
- South Carolina
- Longitude
- -79.1681
- Latitude
- 33.6512
- CBSA code
- 23860
- CBSA name
- GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA
