21101 Fraser StGeorgetown, SC 29440

Property Details for 21101 Fraser St

Year built

1990

Construction

WOOD

Lot size

1.13 AC

Property size (Sq ft)

3,852 SF

Property type

Turn key restaurants

APN

03-0450-024-05-04

APU

304500240504

Description

This exceptional commercial property, located at 21101 N Fraser St. in Georgetown, South Carolina, presents a unique investment opportunity. The property encompasses a substantial 3,400 square foot building situated on a generous 1.13-acre lot, offering ample space for a variety of commercial ventures. Currently configured as a full-service restaurant, the property is well-suited for continued operation in the food service industry or adaptable to other commercial uses. The building's layout is designed to accommodate a full-service restaurant operation, with existing infrastructure in place. The property benefits from a modified lease agreement, where the landlord is responsible for property taxes and insurance. The tenant is responsible for all other operating expenses, including trash removal, utilities, landscaping, and building maintenance. This arrangement provides a clear and straightforward cost structure for potential buyers. The strategic location in Georgetown, SC, offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving community. The substantial lot size provides ample parking and potential for future expansion or development. This turnkey opportunity is priced at $310,000 and presents a compelling investment prospect for discerning buyers. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,173,336

  6.5%

  $1,083,080

  7%

  $1,005,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $867,804

  Geo Method

  $1,643,790

• Alternative Use

  Use

  Valuation

  Residential

  $913,618

  Hospitality

  $836,869

  Educational

  $696,266

  Medical

  $720,211

  Retail

  $1,083,080

Location Insight

City

Georgetown

County

Georgetown

State

South Carolina

Latitude

33.6512

Longitude

-79.1681

CBSA code

23860

CBSA name

GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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