$299,000 | N/A beds | N/A full baths | N/A half baths | 1,796 sqft

$299,000 Reduced -$100,000
242 E Washington Street
Walterboro, SC 29488
  • $166.48Price per SqFt
  • 1,796SqFt
  • 168Days on Market
  • N/AZoning
  • 1950Year Built
  • HospitalityUse
  • MLS# 31002298
  • Commercial Sales
  • Hospitality
  • Active

  • Approx Time on Market5 months, 16 days
  • Area82 - Cln - Colleton
  • CountyColleton
  • SubdivisionN/A

Overview

Well known downtown Walterboro restaurant business available for sale WITH real estate. Robust 30% cash flow; 2022 sales exceeded $350,000 on just 5-day/week dinner service. -- Little to no competition as one of the few true sit-down dining destinations in the area. -- Tremendous loyal customer base from the community, and snowbird / business travelers. -- Retain the name and successful concept for Carmine's Trattoria, or re-brand and modify to any concept you desire. -- Training negotiable. -- Fully equipped commercial kitchen includes 16' vent hood, 22-burner cook-top, double ovens, and more. -- Inviting 1800+/- square foot interior dining room and bar seats up to 47 patrons. -- Location Location, Location: strategically positioned to benefit from the rapid expansion of area manufacturing businesses. -- According to the Wall Street Journal, Colleton County is a key player in securing tax incentives that will bring ''a flood of corporate investments and reshaping local economies.'' Restaurant business can be purchased without the real estate for only $299,000 with lease for real estate - all in rent estimated $2500/month, lease terms negotiable, possible lease to own.View all details here: https://t.ly/a5dag Virtual Tour available, please email broker for link bernie@bastianandassociates.com


Building Info

Anchored:  No

Year Built:  1950

Financial

Garage / Parking

Parking Type:  Other, Surface

Lot Info

County:  Colleton

Land Size:  0.04

Misc

Title:  Carmine's Trattoria

Offer Compensation

Property Info

Second Property Subtype:  Hospitality

Zoning:  Colleton - RD2 - Rural Develo

Nearest Msa:  Augusta-Richmond County, GA-SC

Sale Terms:  Cash, Contract, Lease Option, Owner May Carry

Property Type:  A

Original Price:  $399,000

Property Use Type:  Hospitality

Class Type:  Hospitality

Sold Info

Sqft Info

Rentable Area:  1796

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Courtesy of listing office Tidal Creek LLC 

Mortgage Calculator

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Price & Status History (on welcomehomerlty.com since Fri, Dec 1st 2023)
  • Original Price: $399,000
  • Current Price: $299,000
  • Price Reduced: $100,000
Date ChangedFromTo
02/02/2024$399,000 $299,000 Reduced by $100,000
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Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 05-18-2024 1:55 PM EST est.

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