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    1716 Pearman Dairy Road

    Anderson, SC 29625
    • $1,195,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 20232155
    UPDATED: 140 min ago
    $1,195,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    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/yearThere 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!

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    © 2020 Western Upstate Multiple Listing Service, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. Data last updated: 2020-10-23T23:35:44.27.
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    1716 Pearman Dairy Road Anderson, SC 29625

    • Price: $1,195,000
    • Status: Active
    • Updated: 140 min ago
    • MLS #: 20232155
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    108-Anderson County,Sc
    County:
    Anderson
    Area:
    108-Anderson County,Sc
    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/yearThere 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!
    Exterior Features

    Stories One

    Property Features

    Approximate Year Built 2000 Bank Owned No Construction Metal Inside City Limits No Land Status Land Included Sale Or Rent For Sale Short Sale No Sub Type Retail Building Traffic Count 10001-20000 Utilities On Site CableElectricNatural GasPublic WaterSepticTelephone Vacancy LeasedOccupied By TenantVacant

    Listing information © 2020 Western Upstate Multiple Listing Service, Inc.
    Listing provided courtesy of Max Kinser of Mccoy Wright, Inc (24029).



    © 2020 Western Upstate Multiple Listing Service, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. Data last updated: 2020-10-23T23:35:44.27.
     
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    Prime Realty
    601 Roper Creek Drive
    Greenville SC, 29615