Wedding Venue with Commercial
For Sale
$1,200,000
130 Elizabeth Lane N, Rock Hill, SC 29730
SINGLE_FAMILY - Rock Hill, SC
Property Size6,888 SF
Lot Size0.58 Acres
Price / SF$174.22
Days on Market121
Property Features for 130 Elizabeth Lane N
General Information
Property type
Residential
Property subtype
Retail
Zoning
DTWN
Zoning description
DTWN
Parking features
Offsite, Parking Lot
Patio and Porch features
Porch
Appliances
Exhaust Fan, Exhaust Hood, Gas Cooktop
Lot features
Cleared, Level, Open Lot
Standard status
Active
APN
627-16-03-016
Lot size
0.58 Acres
Taxes and HOA fees
Tax Description
ELIZABETH LANE
Legal Description
ELIZABETH LANE
Utilities
Sewer type
Public Sewer
Building Details
Year built
1957
Flooring type
Tile
Building materials
Brick Full
Roof type
Rubber
Listing Agency:
Carolina Homes Connection, LLC
(704) 615-7315
Listed By:
Haley Walker
(774) 392-1337
Added: Apr 17
Changed: Jul 29
Last Checked: Aug 15 at 12:06PM
MLS# 4370600
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This wedding venue offers a versatile commercial interior with approximately 6,888 SF of usable space arranged across two levels. The layout includes a large open event space, multiple office areas, and a full commercial kitchen. An adjoining spacious room can support dining, prep, or additional gathering needs, and the building includes multiple bathrooms for daily operations.
The property is located in the DTWN (Downtown) zoning district. It includes two parcels and features a large on-site parking area plus additional green space. Construction materials include brick, with tile flooring, and a rubber roof. Built in 1957, the property has a porch and is served by public sewer.
A range of business models may be possible, including event venue, banquet facility, catering, office user, studio, or other specialty business (buyer to verify permitted uses).
The property is located in the DTWN (Downtown) zoning district. It includes two parcels and features a large on-site parking area plus additional green space. Construction materials include brick, with tile flooring, and a rubber roof. Built in 1957, the property has a porch and is served by public sewer.
A range of business models may be possible, including event venue, banquet facility, catering, office user, studio, or other specialty business (buyer to verify permitted uses).
Key Highlights
- Approximately 6,888 SF wedding venue with space across two levels
- Large open event space plus multiple office areas
- Full commercial kitchen with exhaust fan, exhaust hood, and gas cooktop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,656
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,853,120
$1.9M
Cap Rate 7%
$1,323,657
$1.3M
Cap Rate 9%
$1,029,511
$1.0M
Market Conditions
NOI Build-Up for 6,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$138.0K $20.04/SF
− Vacancy
−$14.5K −$2.10/SF
EGI
$123.5K $17.94/SF
− OpEx
−$30.9K −$4.48/SF
NOI
$92.7K $13.45/SF
Area
York County, SC
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,853,120
Cap Rate 7%
$1,323,657
Cap Rate 9%
$1,029,511
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,656 @ 7.0% cap · market cap 7.72%
Second Best
Office B
$1.31M
$1.15M – $1.53M
NOI $91,777 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,385 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 29730, SC
57,325
Population
26,209
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
89%
High-School Grad
119.4 sq mi
ZIP Area
480
Density / Sq Mi
$63,122
Median Household Income
$39,484
Median Earnings
$1,234
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Downtown DTWN zoning wedding venue with a full commercial kitchen, large open event space, and on-site parking lot access.
Where is this wedding venue located?
The property is located at 130 Elizabeth Lane N Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 6,888 SF wedding venue with space across two levels; Large open event space plus multiple office areas; Full commercial kitchen with exhaust fan, exhaust hood, and gas cooktop
