FL Metts Grocery Store - Redevelopment Opportunity

785 Bleakley Street Southeast, Orangeburg, SC

$419,000

Price

8%

Cap Rate

5,769 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
8%
Building Size
5,769 sqft
Lot Area
1 acres
Occupancy
100%
Units
1
Year Built
1975
Zoning
RG
Floors
1
Roof
2019
Description

REDUCED ! Redevelopment opportunity, add laundry mat 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. There is a high need for a laundry mat in this vicinity. 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. 


- Located in an Opportunity Zone

- East of downtown Orangeburg

- Walking distance to residential neighborhood and MHP


 


Redevelopment Opportunity - Retail / Residential / Laundry Services / Mixed Use
Consistent high revenue history
Main clientele from residential and MHP neighborhoods 
Multiple services offered: groceries, meats, lottery and money transfers 
Credit card and cash payments 
Owned and managed by husband & wife team for 19 years 
Located in Opportunity Zone 
Less than 1 mile East of downtown Orangeburg 
Walking distance to residential and MHP neighborhoods

Location
Gallery