Strategic Location Supporting Stable Tenancy and Long-Term Growth
The property is positioned along a well-traveled corridor in New Ellenton, offering strong visibility and consistent traffic flow that supports both existing and future tenancy. The site’s accessibility and proximity to surrounding residential neighborhoods and local businesses provide a reliable customer base, reinforcing the viability of the in-place restaurant lease.
Additionally, continued growth in the surrounding area enhances the long-term leasing potential of the remaining warehouse and flex space, creating an opportunity for increased income and value appreciation. This location provides investors with both immediate stability and future upside through lease-up and rent growth.Unlock a Value-Add Opportunity: Multi-Use Commercial Property with Significant Rental Upside and Business Purchase Option
This expansive 2.73-acre commercial property offers a unique chance to acquire a multi-use site with existing rental income and a substantial opportunity to enhance returns.
Business Included & Rental Upside
An added dimension to this property is the on-site restaurant business, which is included in the asking price for the building. The restaurant space is currently owner-occupied, providing a buyer with flexibility to continue operations, reposition the concept, or lease the space to a third-party operator. Comparable restaurant spaces in this location typically lease for approximately $4,000 per month, creating significant rental upside for an investor who elects to tenant the space at market rates.
Current Income and Future Potential
Restaurant Space: Currently owner-occupied with an established restaurant operation included in the sale. New ownership may continue operating the business or lease the space to a tenant at market rents estimated at approximately $4,000 per month.
Residential Income: A single-family residence rented at $1,000 per month and a one-bedroom apartment rented at $600 per month provide immediate, stable cash flow.
Additional Flex Space: Two rear bays are currently vacant, offering additional upside through future leasing or alternative use.
This property represents a true value-add investment opportunity. With an operating restaurant business included in the purchase price, existing residential income, and additional leasing potential through vacant flex space and market-rate restaurant tenancy, a new owner has multiple avenues to significantly enhance cash flow and overall investment performance.
Highlights
10% In-Place Cap Rate (Restaurant Leaseback + Residential Income)
3-Year Seller Leaseback at $10/SF
Additional Income from House ($1,000/mo) and Apartment ($600/mo)
Proforma Cap Rate ~12% with Full Lease-Up
Warehouse/Flex Space Available for Lease (Value-Add Upside)
The lease rate for space here is Contact for pricing.
This property is listed as Single Tenant.
The property has a total square footage of 8,590 SF.
10% CAP RATE INVESTMENT OPPORTUNITY Seller Leaseback in Place (3-Year Term) Additional Upside Through Warehouse Lease-Up was built in 1967.
Parking information for the property isn't currently listed.
However, other nearby parking options include Cedar Creek Golf Course Parking Lot, located 4.26 miles away
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and The Reserve Parking Lot, which is 7.34 miles away.