$1,690,000
$1,690,000
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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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