1220 Lindsay StNewberry, SC 29108

Property Details for 1220 Lindsay St

Year built

1920

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

4,100 SF

Property type

Retail properties

Property subtype

Bars

APN

343-5-5-16

APU

3435516

Description

This exceptional three-story restaurant and bar, located at 1220 Lindsay St in Newberry, South Carolina, presents a unique investment opportunity. Built in 1920 and extensively renovated in 2015, the 4,100 square foot property boasts a captivating rooftop bar offering panoramic views of downtown Newberry and the Opera House. The property sits on a 0.09-acre lot and includes 20 parking spaces. The interior features ample seating and a fully equipped kitchen and bar. The building is classified as Class C, with a single tenancy and permitted GC zoning. The asking price is $825,000, translating to $201.22 per square foot. This owner/user opportunity is ideal for culinary entrepreneurs seeking a well-established business with a loyal customer base in a prime downtown location. The property's APN is 343-5-5-16. This is a 1031 exchange eligible property.

• CAP approach

  CAP return

  Valuation

  6%

  $906,416

  6.5%

  $836,692

  7%

  $776,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $755,998

  Geo Method

  $850,634

• Alternative Use

  Use

  Valuation

  Residential

  $705,781

  Hospitality

  $646,492

  Educational

  $537,873

  Medical

  $556,372

  Retail

  $836,692

Location Insight

City

Newberry

County

Newberry

State

South Carolina

Latitude

34.2756

Longitude

-81.618

CBSA code

35140

CBSA name

NEWBERRY, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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