908 Chesterfield Highway Cheraw, SC 29520

Building Details

Year built

1970

Listing Agency Keller Williams Select k***@kw.com Show Phone

6431 Old Monroe Rd Ste 201, Indian Trail, SC

Listed by Jay Ross · License #81033 Show Phone

Added: Feb 5 Checked: Jul 18 at 9:06 pm

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MLS# 4343770

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.

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Investment Insights

Based on property information with market context.

This investment property, located in Cheraw, SC, presents an opportunity with a current cap rate of around 7.6%, offering steady income with potential for increased returns. The property has a lot size of 2.47 acres. All current rents have remained stable for years with room to increase, providing a reliable income stream. Recent improvements include the installation of a new 10-ton heat pump on Razel Rentals, a new heat pump on County Kitchen, resealing the roof, and a new heat pump on Molisa Nails and Studio. The front canopy is in the process of being painted, and parking lot lights are being replaced.

Key Highlights

• High current cap rate of approximately 7.6% indicating strong income potential.
• Stable rental income history with potential for rent increases.
• Recent improvements including new heat pumps for multiple tenants.

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FAQs

What type of property is this?

Strip mall - Investment property with steady income and potential for increased returns.

Where is this strip mall located?

The property is located at 908 Chesterfield Highway Cheraw, SC.

What is the asking price?

The asking price for this property is $699,500.

What are key features of this property?

This property features: High current cap rate of approximately 7.6% indicating strong income potential.; Stable rental income history with potential for rent increases.; Recent improvements including new heat pumps for multiple tenants.