Tidal Creek LLC
Listed by Tidal Creek LLC
$695,000
221 N Parler Avenue
Details
Property Type Retail, Mixed Use
Sub Type Bar, Restaurant
Square Footage 3,483
Units 1
Cap Rate 8.00%
Year Built 1940
Stories 2
Lot Size (SqFt) 9,583.2
Parking Spaces 4
Retail | 8.00% CAP | 3,483 SF
Marketing description
Location, Location, Location: Prime Center of Town Street Front in growth-oriented Dorchester County, SC. Beautifully Renovated 5000 +/- Sq Ft All Brick Commercial Tenant Occupied Building For Sale in Growth-Oriented Dorchester County, SC. Located just 2 miles from the I-95 interchange and 3.2 miles from Google's new data center at Winding Woods Commerce Park.This is a prime opportunity for investors to acquire valuable real estate before pent-up growth demands explode in this quaint southern town. Excellent Town Center Opportunity Zoning. Ample free parking on street front plus rear alley-accessed lot. Diverse tenancy potential:Keep the current single tenant operating an established dining, bar, catering, and special event business at $5,500/month plus CAMs. Tenant enters a new 5-year lease on May 1, 2025 with two-5-year options, 3% annual escalations each year.Buy-out the current restaurant tenant and make it your own culinary vision in all 5,000 +/- sq. ft. including: large turn-key commercial kitchen; multiple 1st floor dining areas including expansive bar; 2nd floor with dedicated office or private dining room, large event space, bar, kitchen, and restrooms; the real estate investment adds strong ROI potential to your total purchase.With two dedicated front entries, there is realistic potential to divide into two separate Units; for example, Unit A (single story) and Unit B (2-story*), each with dedicated restrooms and water meters; re-negotiate the current restaurant tenant into side A, retaining access to fully equipped commercial kitchen; lease Unit B to a second tenant for retail and/or office, OR divide and retrofit Unit B into multiple smaller office tenants*2020 renovations include HVAC / Sprinkler systemTwo-story exposed brick walls with modern open stairway Diverse dining areas: indoor cafe style seating, 20' bar with adjacent table service, 600 sq ft +/- climate controlled patio, separate pergola covered patio600+/- sq. ft. commercial kitchen with walk-in cooler/freezer, vent hood, grease trap; current tenant's FFE for possible purchase may also include 12 foot vent hood, flat top, gas grill, gas cooktop/oven, basket fryers, free-standing refrigeration/freezers in addition to walk-ins, ice machine, prep stations/tables, warmers, seating for 130 +/-, and more.Few upscale full-service restaurants with bar in the immediate area; no other catering with special events concept like it within 30 miles.Explosive manufacturing and warehousing growth between I95 and I26 corridors:Area growth directly in St. George includes:--Google's Data Center--Winding Woods Industrial Park--Port 95 Business Park--DR Horton's proposed 350 homes off Sugar Hill RoadOther nearby developments, manufacturing, and warehousing:--Walmart's 3 million square foot import distribution center, Ridgeville--Volvo Cars manufacturing and processing, Ridgeville--Redwood Materials EV battery plant, RidgevilleDR Horton's homes in Harleyville and Ridgeville----------------------------*Two-story tenancy may require elevator installation for Americans with Disabilities Act (ADA) compliance. Broker makes no representation as to requirements or legalities. Buyers fully responsible for determinations, inquire to Philip J. Hart, ADA Coordinator and Title VI Liaison (843) 563-0242 / https://www.dorchestercountysc.gov/our-county/title-vi-plan.
Listing Contacts
Tidal Creek LLC
Listed by Tidal Creek LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?


























