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900 Main St S

New Ellenton, SC, 29809

$689,000

Sale Price

For Sale

Property Details

Sale Price.$689,000

Year Built.1967

Property Type.Industrial

Building Size8,590 SF

Highlights

Fully operational restaurant/bar/grill (2024 revenue: $352,000)
Restaurant lease commitment at $1,500/month for first 5-year term
On-site residential house: $1,000/month
2BR/1BA apartment: $600/month
Two light-industrial bays (800–900 SF each): $1,000/month each (conservative estimate)

Property Description

Unlock a Value-Add Opportunity: Multi-Use Commercial Property with Significant Rental Upside and Business Purchase Option This expansive 2.73-acre commercial property offers a unique chance to acquire a multi-use site with existing rental income and a substantial opportunity to enhance returns. Business Included & Rental Upside An added dimension to this property is the on-site restaurant business, which is included in the asking price for the building. The restaurant space is currently owner-occupied, providing a buyer with flexibility to continue operations, reposition the concept, or lease the space to a third-party operator. Comparable restaurant spaces in this location typically lease for approximately $4,000 per month, creating significant rental upside for an investor who elects to tenant the space at market rates. Current Income and Future Potential Restaurant Space: Currently owner-occupied with an established restaurant operation included in the sale. New ownership may continue operating the business or lease the space to a tenant at market rents estimated at approximately $4,000 per month. Residential Income: A single-family residence rented at $1,000 per month and a one-bedroom apartment rented at $600 per month provide immediate, stable cash flow. Additional Flex Space: Two rear bays are currently vacant, offering additional upside through future leasing or alternative use. This property represents a true value-add investment opportunity. With an operating restaurant business included in the purchase price, existing residential income, and additional leasing potential through vacant flex space and market-rate restaurant tenancy, a new owner has multiple avenues to significantly enhance cash flow and overall investment performance.