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Property profile & analytics
OFF-MARKET
Turn key restaurants

220 Main St Salem, SC 29676-2825

2,176 SF 5.48 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US77-1815782
Property summary
AI-generated overview

This exceptional 5.49-acre commercial property at 220 W Main Street, Salem, SC, presents a lucrative investment opportunity. Currently operating as a thriving storage facility, this turn-key business boasts over 50 boat and RV storage spaces, numerous covered car spaces, and more than 2100 square feet of indoor storage. The property's strategic location just off Highway 11, minutes from the recreational attractions of Lake Jocassee and Lake Keowee, ensures high demand and consistent occupancy. Security features include a new electronic entry gate, an 8-foot tall security fence, and ample space for future expansion. The existing infrastructure provides a solid foundation for immediate revenue generation, while the expansive lot allows for significant growth potential. This is a rare opportunity to acquire a well-established, high-performing business with substantial room for development in a desirable location. The property's proximity to popular lakes makes it ideal for seasonal and year-round renters. The motivated seller is eager to finalize a transaction, making this an attractive proposition for discerning investors seeking a profitable venture in a thriving market. The property is zoned for commercial/special purpose use. The asking price is $399,900.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Total area 2,176 SF
Lot 5.48 ac (238,709 SF)
APN 064-00-02-011
UPID US77-1815782
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Cbgrs LLC · 2 yrs held
Cbgrs LLC
since 2023
Last sale
$143,500
5 recorded transactions
2024
Price N/A
2023
$143,500
2023
$130,000
2021
$80,000
2006
$45,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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