For Sale
$179,000

701 Union HwyEnoree, SC 29335

Profitable Convenience Store & Restaurant

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully renovated 1,500 square foot convenience store and restaurant located at 701 Union Hwy, Enoree, SC 29335, in Spartanburg County. The property sits on a lot ranging from 0.5 to 0.99 acres and includes two single-story buildings. Currently vacant, this turnkey operation boasts brand new equipment and prep stations, ready for immediate occupancy. The asking price is $179,000, representing a compelling price per square foot of $119.33. Financial projections indicate a strong pro-forma NOI of $72,000 and a remarkable pro-forma cap rate of 40.22%. This owner-user investment presents significant growth potential in a high-demand area. The property's APN is 4-63-00-061.02. This is a rare chance to acquire a well-equipped, renovated business in a thriving location. The property's previous success demonstrates its earning potential, making it an attractive proposition for savvy investors. Don't miss this chance to capitalize on this lucrative opportunity.

Highlights

  • High-traffic convenience store location.
  • Established take-out restaurant with existing operations.
  • Significant potential for future growth and expansion.
  • Strong tenant demand in a high-growth area.

Property Details for 701 Union Hwy

Property type
Retail properties, Restaurants
Square Feet
1,500 SF
Buildings
2
Stories
1
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Enoree
County
Spartanburg
State
South Carolina
Latitude
34.64184359782
Longitude
-81.860808335335
701 Union Hwy, Enoree, South Carolina

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701 Union Hwy
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