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111 Ribaut Road, Beaufort, SC, 29902 | $1,250,000
Business & Property for Sale: This is your opportunity to own a Beaufort Institution, Maryland Fried Chicken, along with its prime location. Located across the street from City Hall and the Beaufort County Government Complex and Courthouse, with exposure to over 38, 000 Vehicles Per Day, T5-UC Zoning, and within the City of Beaufort's Boundary Street Redevelopment District, this location is incredibly hard to beat. And is likely one of the reasons why Maryland Fried Chicken has been so successful through 7 different decades. The property also boasts excellent ground elevations, putting it outside of the special hazard flood zone.
Maryland Fried Chicken is an independently owned Beaufort Institution that is, after all these years, for sale. Opening its doors in 1969, this business has been serving Beaufort Citizens and Visitors top notch fried chicken, seafood, pork chops and all the fixings ever since. Customers can get their quick serve soul food fix via drive thru or dining in. The hours of operation have only been from 11: 00am to 6: 00pm five days a week, yet annual revenues are consistently in the $1. 2M range making this a prime opportunity for the next owner-operator to increase cash flow by expanding hours and offerings.
Financials are available for serious buyers after signing an NDA.
Features
- Property Type: Business
- Parking: Paved
- Heating: Central
- Cooling: Central Air
- Zoning: Commercial
- Development: Beaufort
- Year Built: 1969
- Acreage: 0.25
- View: Other
- Water Front: Yes
- MLS#: 195247
- Days on Market: 50 days
- Website: https://www.raveis.com
/prop/195247/111ribautroad_beaufort_sc?source=qrflyer
This information is deemed reliable, but not guaranteed. Neither the Lowcountry Regional MLS, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is for use by its members and is not intended for use for any other purpose. Source: LowCountry Regional MLSListing courtesy of The Homesfinder Realty Group. Phone: 877-229-4107
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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111 Ribaut Road, Beaufort, SC, 29902
$1,250,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.247% | 6.117% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,836 | $6,076 | $8,371 |
| Total Monthly Payment | $5,961 | $6,201 | $8,496 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484