West Union, SC 29696,134 Foothills Center DR

$1,690,000

$1,690,000

Est.Price: ?

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Est. payment /mo

7.28 Acres Lot


SOLD DATE : 12/06/2022

Key Details

Sold Price $1,690,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20252105

Sold Date 12/06/22

HOA Y/N No

Year Built 1980

Lot Size 7.280 Acres

Acres 7.28

Property Description

Great investment opportunity in a growing market with upside potential! This property is a former Winn-Dixie that was redeveloped into a multi-tenanted shopping center! It is located at the intersection of Highway 28 and 11 in West Union, SC. The property contains 38,029 square feet of leasable space with Save-A-Lot occupying approximately half of the space with 18,829 sf and Dollar Tree occupying 10,000 +/- with another 9,200 sf +/- available for lease. It draws from a large trade area that reaches all the way up to Lake Keowee and is under served by retail. Current NOI Is $141,487.78 representing a 7.9% cap rate based on asking price with a 25% vacancy providing significant upside potential! Other nearby tenants include CVS, Burke's Outlet, McDonald's, and more!

Location

State SC

County Oconee

Area 203-Oconee County, Sc

Interior

Interior Features InteriorFeatures

Fireplace No

Building

Lot Description City Lot

Others

Tax ID 510-08-01-015

Financing Cash

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Listed by McCoy Wright, Inc (24029)
Bought with NONMEMBER OFFICE
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