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    Property profile & analytics

    220 Main St Salem, SC 29676-2825

    • Turn key restaurants
    • 2,176 SF
    • 5.48 lot acres
    OFF-MARKET
    Value Estimation
    $130,000
    Last Sale
    Jul 31, 2023
    $143,500
    Location Intelligence
    Property ID
    US77-1815782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 220 Main St

    Year built
    1960
    Lot size
    5.48 lot acres
    Property size
    2,176 SF
    Property type
    Turn key restaurants
    APN
    064-00-02-011
    APU
    640002011

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $135,000
      6.5%
      $135,000
      7%
      $120,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $120,000
      Geo Method
      $140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $120,000
      Retail
      $115,000
      Mixed-Use
      $110,000
      Hospitality
      $125,000
      Educational
      $145,000
      Residential Income
      $130,000
      Energy
      $150,000
      Income-Based Land
      $140,000
      Food Service
      $150,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.9847
    Latitude
    34.9002
    CBSA code
    42860
    CBSA name
    SENECA, SC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $1,685
    $1,496
    $3,181
    -
    $42,130
    $37,390
    $79,520

    Comparable in this City

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      281 Stamp Crk Rd

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      BAR, TAVERN • 5,051 SF
      Salem, SC 29676
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    • Value Estimation
      $280,000
      1,120 SF

      13412 Hwy 11

      BAR, TAVERN • 1,120 SF
      13412 Hwy 11, Salem, SC 29676-2925
      View Details
    • Value Estimation by Request
      1,581 SF

      1239 Stamp Crk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,581 SF
      1239 Stamp Crk Rd, Salem, SC 29676-4620
      View Details
    • Value Estimation by Request
      1,200 SF

      150 Hinkle Cir

      BARBER, HAIR SALON • 1,200 SF
      150 Hinkle Cir, Salem, SC 29676-3327
      View Details

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    220 Main St
    Salem, SC 29676-2825
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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