1690 Main StDuncan, SC 29334

Property Details for 1690 Main St

Year built

1995

Construction

BRICK

Lot size

2.08 AC

Property size (Sq ft)

4,136 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5-2600-00303

APU

5260000303

Description

This exceptional opportunity presents the chance to acquire a highly successful, established restaurant in Duncan, South Carolina. Located in a prime growth area of Spartanburg County, this iconic eatery has thrived for nearly three decades, boasting a proven track record of profitability. The fully operational restaurant is immediately available, eliminating the lengthy delays associated with permitting and new construction. This presents a unique advantage for prospective buyers seeking a turnkey operation or those wishing to establish their own brand within an existing, successful framework. The property encompasses over two acres of land, a significant asset offering ample space for expansion or diversification. Furthermore, it enjoys exclusive sewer access on its side of the street, a considerable benefit for future development. Currently closed on Sundays and for breakfast service, the restaurant possesses untapped potential for increased revenue streams. The current owners are committed to a smooth transition, offering assistance with management and sharing their renowned recipes to ensure continued success. A business buy-out with a leaseback option to a qualified buyer may also be considered. This is a truly rare and exceptional investment opportunity in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,174,222

  6.5%

  $1,083,898

  7%

  $1,006,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,103

  Geo Method

  $858,103

• Alternative Use

  Use

  Valuation

  Residential

  $914,308

  Hospitality

  $837,502

  Educational

  $696,791

  Medical

  $720,755

  Retail

  $1,083,898

Location Insight

City

Duncan

County

Spartanburg

State

South Carolina

Latitude

34.9031

Longitude

-82.0981

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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