Historic Main Street Mixed-Use
103 E Main Street Walhalla, SC 29691
For Sale
$379,900
Multi-level building offers a leased apartment and a street-level retail level with separate entrances and dedicated rear parking.
Days on Market71
Property Features for 103 E Main Street
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
1950
Listing Agency:
NorthGroup Real Estate
(864) 723-6696
Listed By:
Amber Crain · License #97429
(864) 723-6696
Source:
Blackstreaminternational
Added: May 21
Changed: Jul 26
Last Checked: Jul 30 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthGroup Real Estate
Investment Insights
Based on property information with market context.
This historic mixed-use building is positioned on Main Street and includes three levels with separate private entrances. The upper level features a currently leased apartment with both front and rear entrances. The main retail level provides direct frontage and an entrance from Main Street, along with an additional rear entrance. The interior includes an expansive retail or showroom area, a bathroom, and two large storage/utility rooms, with durable concrete flooring and custom exterior doors.
A basement level is accessible from the rear entrance and retains historical items associated with the building’s former use. Recent improvements include a newly constructed rear deck spanning all three levels, two HVAC systems separately servicing the apartment and retail spaces, a full-building sprinkler system, and a sump pump installation for the basement area, along with custom exterior doors on both the upper and main levels.
For parking and access, the property offers ample parking including public street parking along Main Street and a private rear parking lot with a carport.
A basement level is accessible from the rear entrance and retains historical items associated with the building’s former use. Recent improvements include a newly constructed rear deck spanning all three levels, two HVAC systems separately servicing the apartment and retail spaces, a full-building sprinkler system, and a sump pump installation for the basement area, along with custom exterior doors on both the upper and main levels.
For parking and access, the property offers ample parking including public street parking along Main Street and a private rear parking lot with a carport.
Key Highlights
- 1950 multi‑level mixed‑use building in historic Walhalla with separate private entrances for three floors
- Upper level apartment is currently leased and includes both front and rear entrances
- Main Street retail level has direct front frontage and entrance plus an additional rear entrance for access
Financial Insights For Office B
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 | $39.1k | $20.04 |
| − Vacancy | −$5.9k | −$3.01 |
| EGI | $33.2k | $17.03 |
| − OpEx | −$8.3k | −$4.26 |
| NOI | $24.9k | $12.78 |
1,950 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$355.9K
$311.4K – $415.2K
NOI $24,912 @ 7.0% cap · market cap 6.56%
Second Best
Retail
$338.4K
$296.1K – $394.8K
NOI $23,685 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$489.5K
$428.3K – $571.1K
NOI $34,265 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Multi-level building offers a leased apartment and a street-level retail level with separate entrances and dedicated rear parking.
Where is this live-work space located?
The property is located at 103 E Main Street Walhalla, SC.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1950 multi‑level mixed‑use building in historic Walhalla with separate private entrances for three floors; Upper level apartment is currently leased and includes both front and rear entrances; Main Street retail level has direct front frontage and entrance plus an additional rear entrance for access
