221 Spring StCharleston, SC 29403

Property Details for 221 Spring St

Year built

1988

Lot size

0.27 AC

Property size (Sq ft)

1,952 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

460-10-04-011

APU

4601004011

Description

This thriving Charleston restaurant, currently operating as Gogibop/Poke Bros, presents a unique investment opportunity. Located on the Charleston Crosstown with over 50,000 vehicles passing daily, this high-visibility location boasts approximately 1,952 square feet of recently remodeled space. The property includes a full infrastructure, featuring a high-quality finish throughout, a functional exhaust hood, a walk-in cooler, and a substantial 1,000-gallon grease trap. Upgraded ADA-compliant restrooms and a convenient drive-thru further enhance its operational capabilities. The space is well-suited for breakfast, lunch, and dinner service. Thirteen parking spaces are available for customer convenience. The asking price of $249,000 includes fixtures, furniture, and equipment (FF&E) and the assignment of the existing lease. This turnkey operation in Charleston County is ready for a new owner to step in and continue its success. The property's prime location and comprehensive amenities make it an exceptional investment prospect. This is a single-tenant property.

• CAP approach

  CAP return

  Valuation

  6%

  $259,329

  6.5%

  $239,381

  7%

  $222,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $631,733

  Geo Method

  $832,990

• Alternative Use

  Use

  Valuation

  Residential

  $201,927

  Hospitality

  $184,964

  Educational

  $153,888

  Medical

  $159,180

  Retail

  $239,381

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.787

Longitude

-79.9537

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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