LAKE WYLIE — The former River Rat location in Lake Wylie has a new owner.
The former restaurant building and 7-acre tract on S.C. 557 was sold Sept. 10 from TD Bank to Gray Family Properties out of Gastonia, N.C. According to county land records, the price was $800,000.
Bill Gray and Will Jones on Friday put up the new sign for potential tenants, with subdividing likely.
“We don’t know,” Gray said of what business might come. “We’re going to separate it, probably.”
Gray Family Properties is a leasing company, though the property is being advertised for sale or lease.
Gray said he’d like to see another restaurant in the River Rat building since it’s set up for that use. He doesn’t have a timeframe for when a decision might come.
“We hope tomorrow,” he said, “but we don’t have any idea.”
For decades, The River Rat was one of the oldest and busiest restaurants in the area. It closed in 2010. In May 2011, it was conveyed to TD Bank.