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106 Grove St 3,678 SF 100% Leased Retail Building Charleston, SC 29403 $3,200,000 ($870.04/SF)



Investment Highlights
- Freestanding
- High Ceilings with Mezzanine
- Neighborhood Location - Wagener Terrace
- Full Service Restaurant Infrastructure
- Private, Well Landscaped, Outdoor Courtyard
Executive Summary
An exceptional opportunity to acquire a premier restaurant property in Charleston’s highly desirable Wagener Terrace neighborhood. This freestanding, two-story building was newly constructed in 2019 and designed to deliver a true farm-to-table dining experience with a whole-animal butcher shop and retail/takeout component. The property features a beautifully built interior with a full glass wall behind the bar, creating an open and inviting atmosphere that overlooks a private outdoor patio complete with a Cowboy Cauldron for al fresco dining.
The layout includes a full-service bar, multiple dining areas, and a former butcher retail shop, complemented by a convenient to-go window for takeout service. The kitchen is fully equipped with high-end commercial appliances, including two walk-in coolers, a Southern Pride smoker, Garland and Bakers Pride cooking equipment, and an 18–20 ft hood system. Additional features include an in-ground 2,000-gallon grease trap, 20 ft hood, and extensive built-in seating throughout.
Situated on 0.11 acres, the property offers excellent visibility and accessibility in a thriving neighborhood known for its vibrant dining scene and strong residential base. With Charleston’s continued population and income growth, this asset presents a rare chance to own a turnkey restaurant property in one of the Southeast’s most dynamic culinary markets.
Asking Price: $3,200,000 for real estate, plus $400,000 for all contents and equipment.
The layout includes a full-service bar, multiple dining areas, and a former butcher retail shop, complemented by a convenient to-go window for takeout service. The kitchen is fully equipped with high-end commercial appliances, including two walk-in coolers, a Southern Pride smoker, Garland and Bakers Pride cooking equipment, and an 18–20 ft hood system. Additional features include an in-ground 2,000-gallon grease trap, 20 ft hood, and extensive built-in seating throughout.
Situated on 0.11 acres, the property offers excellent visibility and accessibility in a thriving neighborhood known for its vibrant dining scene and strong residential base. With Charleston’s continued population and income growth, this asset presents a rare chance to own a turnkey restaurant property in one of the Southeast’s most dynamic culinary markets.
Asking Price: $3,200,000 for real estate, plus $400,000 for all contents and equipment.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$184,000
|
$50.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$184,000
|
$50.03
|
| Taxes |
$14,700
|
$4.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,700
|
$4.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $184,000 |
| Annual Per SF | $50.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $184,000 |
| Annual Per SF | $50.03 |
| Taxes | |
|---|---|
| Annual | $14,700 |
| Annual Per SF | $4.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,700 |
| Annual Per SF | $4.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,678 SF
Building Class
B
Year Built
2020
Price
$3,200,000
Price Per SF
$870.04
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.11 AC
Frontage
41’ on Grove Street
Amenities
- Mezzanine
- Restaurant
- Signalized Intersection
- Skylights
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 463-15-01-046 | Total Assessment | $45,720 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $14,700 ($4.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
463-15-01-046
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$45,720 (2024)
Annual Taxes
$14,700 ($4.00/SF)
Tax Year
2026
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106 Grove St
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