1490 Chestnut StOrangeburg, SC 29115

Property Details for 1490 Chestnut St

Year built

1979

Lot size

0.90 AC

Property size (Sq ft)

5,363 SF

Property type

Turn key restaurants

APN

0174-17-03-003

APU

1741703003

Description

This fully-equipped, 5,363 square foot restaurant building is available for sale in Orangeburg, South Carolina. Located in a high-traffic retail corridor, this single-story building sits on 0.6 acres and boasts 65 parking spaces. The property enjoys excellent visibility at the signalized intersection of Chestnut Street (24,100 vehicles per day) and Columbia Road (11,400 vehicles per day), adjacent to Piggly Wiggly and Food Lion grocery stores. The restaurant is ideally situated near South Carolina State University, benefiting from a large student population and a growing local economy. The sale includes all existing kitchen equipment, featuring two double convection ovens, three gas fryers, two electric steam kettles, four flat griddles, one walk-in freezer, and one walk-in cooler. This presents an exceptional owner-user opportunity or redevelopment potential in a thriving market. The asking price is $675,000, translating to $125.86 per square foot. The property's proximity to the Orangeburg Country Club further enhances its appeal. This is a turnkey operation ready for a new owner to step in and succeed. The property is offered as a single-tenancy building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,112,569

  6.5%

  $1,026,986

  7%

  $953,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $769,552

  Geo Method

  $2,288,590

• Alternative Use

  Use

  Valuation

  Residential

  $866,302

  Hospitality

  $793,528

  Educational

  $660,206

  Medical

  $682,911

  Retail

  $1,026,986

Location Insight

City

Orangeburg

County

Orangeburg

State

South Carolina

Latitude

33.5154

Longitude

-80.8639

CBSA code

36700

CBSA name

ORANGEBURG, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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