For Sale
$3,400,000

135 Palmetto St Florence, SC 29506

Thriving Restaurant & Income Property

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional offering presents a lucrative opportunity to acquire a highly successful, family-owned restaurant in Florence, South Carolina's vibrant Central Business District. The main restaurant, established in 1957, boasts 4,000 square feet and enjoys strong sales and profits. The sale includes the business, all furniture, fixtures, and inventory. Adding significant value is an adjacent 2,000 square foot building situated at the corner of Palmetto and Dargan Streets, currently leased to two high-quality tenants. This combined property, encompassing two buildings totaling 6,000 square feet on a single story, is offered at $3,400,000. Built in 2007, the property is classified as Class A and features a single tenancy for the restaurant and two separate units in the adjacent building. The strategic downtown location ensures consistent foot traffic and strong local clientele. This turnkey operation presents a rare chance to step into a well-established, profitable business with significant income potential from both the restaurant and the rental units. The property's prime location and strong financial performance make it an ideal investment for discerning buyers seeking a proven, successful venture in a thriving South Carolina market. The permitted zoning is Central Business District.

Highlights

  • $3,400,000 asking price for a profitable, established restaurant business.
  • 6,000 square foot restaurant in Florence, SC's Central Business District.
  • Includes two buildings totaling 6,000 square feet; the main restaurant and an adjacent building with two tenants.
  • Built in 2007, Class A property with single tenancy for the restaurant.
  • Broker co-op available.

Property Details for 135 Palmetto St

Property type
Retail properties, Restaurants
Square Feet
6,000 SF
Class
A
Year Built
2007
Buildings
2
Stories
1
Units
3

Location Insight

City
Florence
County
Florence
State
South Carolina
Latitude
34.19384865
Longitude
-79.76506394

FAQs

What type of property is this?
Retail property - Thriving Restaurant & Income Property
Where is the retail property located?
The property is located at 135 Palmetto St Florence, SC.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: $3,400,000 asking price for a profitable, established restaurant business.; 6,000 square foot restaurant in Florence, SC's Central Business District.; Includes two buildings totaling 6,000 square feet; the main restaurant and an adjacent building with two tenants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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135 Palmetto St
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