INVESTMENT OPPORTUNITY!! Seller will Leaseback & continue to operate Edisto`s highly successful & only Fine Dining Restaurant (approx. 190 seats).Lease Terms Proposed: -$10,000 per month rent Tenant to also pay:- property taxes, -all insurance, -HOA Fee ($893/yr), -CAM Fee ($2367/mo), -All interior maintenance, -2% Annual Rent increase, -5yr Lease w/three 5yr extension options- ``Triple Net Lease!``-Includes all built-in Kitchen EquipmentIdeally located inside Wyndham Ocean Ridge Resort near Golf Pro Shop & 1st Tee Box. Suitable for 1031 Like-kind exchange. OUTSTANDING RETURN ON INVESTMENT - DON`T MISS OUT !!
Listing Date: 04-02-2024
Sold Date: 04-29-2024
Aprox Days on Market: 
26 day(s)
Listing Sold: 
2 Year(s), 2 month(s), 6 day(s) ago
Original Asking Price: $1,500,000
Asking Price: $1,500,000
Selling Price: $850,000
Price Difference From Original:
Reduced By $650,000
Price Difference From Asking:
Reduced By $650,000
Horse: No
Community Features: Gated, Golf Course, Tennis Court(s), Trash
Fullbaths: 2
Levels: One
Window Features: Thermal Windows/Doors, Window Treatments
Year Built: 2006
Floors: Ceramic Tile, Wood
Rent Control: No
Misc Ext: Porch - Full Front, Porch
Exterior Features: Lighting, Stoop
Pool Private: No
Style: Traditional
Gar Pkg: Detached, Off Street, Other
Garage: No
Attached Garage: No
Interior Features: High Ceilings, Ceiling Fan(s)
Fireplace: No
Lot Desc: Corner Lot, High, On Golf Course, Rolling Slope
Lot Size Units: Acres
Acres: 0.00
Security Features: Fire Sprinkler System
Property Type: A
Stories: 1
Foundation: Crawl Space
Exterior: Cement Siding, Wood Siding
New Construction: No
Roof: Architectural
Property Subtype: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Sold Date: 2024-04-29T00:00:00
Sqft: 6000
Water Source: Public
Utilities: Dominion Energy
Heating: Yes
Heat: Electric, Forced Air
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront: No
Courtesy of listing office Carolina One Real Estate - 843-779-8660