Restaurant Opportunity

Hospitality for Sale
Catylist Listing ID: 30659450
Number of Units: 1 Units
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Gross Land Area: 1.46 Acres
Sale Price: $333,850
Unit Price: $333,850 Per Unit
Property Use Type: Business
Building Name: Ma's Driftwood Grill
Name of Establishment: Ma's Driftwood Grill
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2020

Overview / Comments

Excellent investment opportunity in an area of Holden Beach mainland that is growing substantially. Established restaurant rated occupancy is 75 however it could be increased. The 3,600 sqft building has maintained a ''A'' health grade through the entire ownership of current owners. The 1,750 sqft dinning room and kitchen are stocked and ready for the new owners to come in and start service immediately. The communities of Lockwood Folly, Seascape, Riverside and Lakes of Lockwood all are less than two miles from subject property. This location offers minimal competition in an area that is experiencing tremendous growth

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Submarket Type: Other
Tax ID/APN: 2330000702
Zoning: VA COM
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: US HWY 17 & Atlantic Ocean
Property Visibility: Excellent
Largest Nearby Street: US HWY 17
Highway Access: US HWY 17
Airports: MYR & ILW
Site Description: Site is level and no problems with drainage. Great visibility.
Area Description: Resort community surrounded by Lockwood Folly Golf, Seascape, Lakes of Lockwood & Holden Beach
Nearby Attractions: Holden Beach ,
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1991
Roof Type: Hip
Construction/Siding: Wood Frame
Total Parking Spaces: 65
Parking Type: Surface
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Lot Frontage: 100'
Lot Depth: 371'
Water Service: Municipal
Sewer Type: Septic
Easements: Other
Legal Description: 1.46 AC PLAT U/195 SR 1119

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 496 5,213 14,503
Median Age: 58.33 52.49 50.13
Households: 237 2,386 6,428

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