Former Grocery Store with Ample
331 W Carolina Ave Hartsville, SC 29550
For Sale
$1,200,000
COMMERCIAL - Hartsville, SC
Property Size17,957 SF
Lot Size1.77 Acres
Price / SF$66.83
Days on Market76
Property Features for 331 W Carolina Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
17,957 SF
Lot size
1.77 Acres
Taxes and HOA fees
Tax Annual Amount
7655
Building Details
Year built
1962
Listing Agency:
Brown & Coker Realty
(843) 383-6765
Listed By:
Scott Gauger · License #143241
(843) 383-6765
Added: May 13
Changed: Jun 3
Last Checked: Jul 27 at 10:06PM
MLS# 2601972
Copyright © 2026 Pee Dee Realtor Association. 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.
331 W Carolina Ave is a former grocery store offering approximately 17,957 square feet of commercial space on 1.77 acres. The facility includes an open floor plan and 12-foot ceilings, supporting a range of conversion and operating needs. The site also includes approximately 81 parking spaces to serve customers, employees, or tenants. Roof improvements have been completed within the past two years, helping reduce near-term maintenance concerns.
The property is located in Hartsville, with convenience to Downtown Hartsville noted in the remarks. It has visibility along West Carolina Avenue, and it is positioned near downtown businesses, restaurants, and shopping based on the provided information.
This building may suit owner-operators or investors looking for a flexible commercial site for uses such as retail, warehouse, distribution, office, fitness, or redevelopment, consistent with the property’s current configuration and layout. With the existing parking capacity and an open interior plan, tenants or developers can evaluate how best to adapt the space for their business needs.
The property is located in Hartsville, with convenience to Downtown Hartsville noted in the remarks. It has visibility along West Carolina Avenue, and it is positioned near downtown businesses, restaurants, and shopping based on the provided information.
This building may suit owner-operators or investors looking for a flexible commercial site for uses such as retail, warehouse, distribution, office, fitness, or redevelopment, consistent with the property’s current configuration and layout. With the existing parking capacity and an open interior plan, tenants or developers can evaluate how best to adapt the space for their business needs.
Key Highlights
- Former grocery store with approximately 17,957 SF of commercial space on 1.77 acres at 331 W. Carolina Avenue
- 12‑foot ceilings and an open floor plan suited for retail, warehouse, distribution, office, fitness, or redevelopment use
- Site includes approximately 81 parking spaces for customers, employees, and tenants
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.8k | $7.56 |
| − Vacancy | −$9.2k | −$0.51 |
| EGI | $126.5k | $7.05 |
| − OpEx | −$19.0k | −$1.06 |
| NOI | $107.5k | $5.99 |
17,957 SF · lease $7.56/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,677 @ 7.0% cap · market cap 9.39%
Second Best
Warehouse
$1.54M
$1.34M – $1.79M
NOI $107,545 @ 7.0% cap · market cap 8.96%
Theoretical Best
Specialty Retail
$33.21M
$29.06M – $38.75M
NOI $2,324,803 @ 7.0% cap · market cap 193.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - A former grocery store with an open layout, 12-foot ceilings, and about 81 parking spaces in Hartsville.
Where is this retail space located?
The property is located at 331 W Carolina Ave Hartsville, 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: Former grocery store with approximately 17,957 SF of commercial space on 1.77 acres at 331 W. Carolina Avenue; 12‑foot ceilings and an open floor plan suited for retail, warehouse, distribution, office, fitness, or redevelopment use; Site includes approximately 81 parking spaces for customers, employees, and tenants
