501 Main StJonesville, SC 29353

  • Commercial real estate
  • 1,450 SF
For Sale
$215,000 View listing

Property Details for 501 Main St

Property size (Sq ft)
1,450 SF
Property type
Commercial real estate
APN
027-06-08-004 000
APU
270608004000

Description

This exceptional opportunity presents the chance to acquire a well-established and beloved family-owned diner located at 501 S MAIN in Jonesville, South Carolina. Operating successfully for 36 years, this landmark restaurant enjoys a strong reputation within the Jonesville and Union County communities. The sale includes all existing equipment and inventory, ensuring a seamless transition for the new owner. A significant advantage is the relatively recent age of much of the equipment

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $317,379
    6.5%
    $292,965
    7%
    $272,039
  • Comparable approach

    Method
    Valuation
    Relative Method
    $119,378
    Geo Method
    $119,378
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $590,269
    Retail / Commercial
    $300,047
    Mixed-Use / Specialty
    $296,896
    Hospitality / Lodging
    $215,114
    Office
    $292,965
    Institutional / Educational
    $307,909
    Residential Income
    $360,253
    Multifamily
    $443,603
    Automotive / Energy
    $263,922
    Parking / Income-Based Land
    $93,131.90
    Restaurant / Food Service
    $149,977
    Healthcare / Senior Housing
    $306,595

Location Insight

City
Jonesville
County
Union
State
South Carolina
Latitude
34.8326
Longitude
-81.6784
CBSA code
46420
CBSA name
UNION, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,240
-
-
$3,750
-
$3,500
$59,000
$62,500

FAQs

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