FL Metts Grocery - Redevelopment Opportunity
5,769 SF | Retail Building | Orangeburg, SC 29115 | $419,000 ($73/SF) | 7.98% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $419,000
- Property Type
-
Retail
- Square Feet
- 5,769 SF
- Price / Square Foot
- $73
Listing Contacts
Charlotte Jones
Verified Profile
- Property Info
Property Overview
PRICE IMPROVEMENT !! Redevelopment opportunity or keep as neighborhood grocery store. Zoned RG (multiple uses). Grocery FL Metts located in an Opportunity Zone in Orangeburg SC, being offered for sale. The established business is located on the east side of downtown Orangeburg. The property was been owned and managed by the family since 2006 and has consistent high revenue history. It is surrounded by residential neighborhoods and a MHP that relies on this store for daily groceries, deli, meats, money transfers and lottery. A new roof was installed in 2019, drink coolers and tile flooring replaced within the past two years. Included is a 200+ SF separate storage building with 5 rollup doors, in the back of the parcel. Great opportunity for new owner to continue to grow the business. The store is managed by husband & wife team plus one employee. Price includes real estate, excludes inventory.
Orangeburg County has a rich manufacturing tradition with both old and advanced manufacturing. A diversified economy with over 110 industrial companies with multiple new additions coming in 2024 and 2025, including solar farms and innovation centers. The city of Orangeburg is located 36 miles SE of Columbia, the state capital. It is a thriving community with strong healthcare sector, universities and a technical college.
Orangeburg County has a rich manufacturing tradition with both old and advanced manufacturing. A diversified economy with over 110 industrial companies with multiple new additions coming in 2024 and 2025, including solar farms and innovation centers. The city of Orangeburg is located 36 miles SE of Columbia, the state capital. It is a thriving community with strong healthcare sector, universities and a technical college.
Property Details
- Class
- C
- Year Built
- 1975
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- Located in Opportunity Zone
- Less than 1 mile East of downtown Orangeburg
- Walking distance to residential and MHP neighborhoods
- Consistent high revenue history
- Multiple services offered: groceries, meats, lottery and money transfers
- Main clientele from residential and MHP neighborhoods
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].