40 E Main St

Investment Highlights

Gorgeous restaurant space in the heart of Historic Downtown Saluda, NC 1.4 miles from I-26 This is a Turnkey Investment Property. Restaurant Equipment is Negotiable. The building has 3 floors: 2nd floor is currently being used as a large studio apartment + dry storage/office. The 3rd floor is a large 3/2 apartment

Executive Summary

This exceptional and completely turnkey commercial building in the heart of Historic Downtown Saluda features a restaurant space and 2 apartments. The beautifully restored 1,869 SF restaurant space is a rare find featuring an open floor plan w/ high ceilings, exposed brick walls, 8 seat bar, outdoor seating, a fully built-out kitchen, walk-in cooler and delivery access. Upstairs you?ll find another 1,575 SF with which you could add to the restaurant, rent to a business, or use as a studio apartment. It is currently being used as a large studio apartment and 334 SF heated dry storage/office area. The third floor is a lovely, bright 1909 SF 3 bed, 2 bath apartment with screened deck and open kitchen. The living room overlooks charming Main Street and the park across the street. The location of 40 E Main Street, Saluda offers excellent visibility and accessibility, making it a hot spot for both locals and visitors, and is only 1.4 miles to I-26. McCreery Park across the street is set to undergo an extensive $1MM expansion starting this spring. The property is located steps from the proposed Saluda Grade Trail, a soon-to-be-constructed and highly anticipated rails to trails project. The project is approved and awaiting funding. The Saluda Grade Trail will stretch 30 miles from Tuxedo, NC down to Inman, SC. Come and see what this fabulous, historic town tucked into the Blue Ridge Mountains, has offer. Saluda became famous for originally for having the steepest railroad grade in the US, but it is currently known for its festive activities. Saluda welcomes 10,000+ people for Coon Dog Day, a fun and quirky street festival that happens every July, and the yearly Saluda Arts Festival which welcomes almost 100 artists and musicians. You'll have the creative freedom to shape this space according to your vision. This is a golden opportunity for short term rental investors or culinary professionals with a desire to own a restaurant and live in a thriving location.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Storefront Retail/Residential Office Office Residential Restaurant
• Building Size    5,353
• Year Built    1990
• Price    999,950
• Price Per SF    187
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    1.76
• Land Acres    0.07 AC

• Restaurant
• Tenant Controlled HVAC
• Storage Space