Address
1716 Pearman Dairy Road Anderson, SC
Price
$ 1,195,000
Property Attributes
  • MLS#20232155
  • TypeCommercial
  • CountyANDERSON
  • CityAnderson
  • Area108-Anderson County - SC
  • Zip29625
  • StyleRetail Building
  • Year Built2000
  • Taxes8949
  • Price$ 1,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10000
Listing Provided Courtesy Of:
Max Kinser with McCoy Wright, Inc (24029).
Property Description

Calling all investors and owner occupied retail users! Are you looking for higher cap rates? Check out this fantastic retail building being offered for sale at an 8.35% cap rate. There is currently only one partial vacancy: Suite H. Suite H is 1200 sq ft, and is currently being leased month to month by a tenant that is using a portion of the space. The Tenant is paying $450/month. This center is a great fit for a variety of retail uses. It has an excellent tenant mix with mostly local tenants featuring a wide variety of retail businesses that are well insulated from threats from e-commerce. Great visibility and signage on Pearman Dairy which has approximately 20,000 vehicles per day. Lots of parking and easy access further add to the value of this building. The NOI on the center is $92,030/year with a gross income of $106,188/year. Expenses total $14,158/year There are 8 suites and a billboard which are generating income on the property. The building is in great shape. It is a 10,400 sq ft metal building with a metal roof. Each unit is separately metered for electricity, but all units are on a common water tap which is billed as part of the CAM. This property presents a fantastic opportunity for a first time investor looking to acquire an asset with good cash flow, or a seasoned investor looking for a higher return. Survey, offering memorandum, and building plans are in the supplements. Thanks so much!

Price History
9/17/2020 Listed $1,195,000

General Features

Area 108-Anderson County, SC
Construction Metal
Property Sub Type Retail Building
Property Type Commercial/Industrial
Vacancy Leased, Occupied by Tenant, Vacant

Exterior Features

Onsite Parking 26 - 99

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 29625

Price
AVG $460K
$1.2M
Taxes
AVG $2,668
$8,949
Visits
AVG 37
16
Year Built
AVG 1993
2000
Walkscore
AVG 26
15
Data Provided by Walkscore ® not using MLS data

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