Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3101 Martin Luther King Jr Blvd Blvd Anderson, SC 29625

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    Prime 2.57-acre corner lot, ideal for development.

    Property Features for 3101 Martin Luther King Jr Blvd Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    111,949 SF

    We can help!

    Listing Contact
    Michael Carithers

    Listing Agency: Carithers Real Estate Listing Agent: Michael Carithers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2.57-acre commercial lot presents a remarkable investment opportunity in Anderson, South Carolina. Located at 3101 Martin Luther King Jr Blvd, this high-visibility corner property boasts significant potential for a variety of commercial ventures. Its strategic location positions it perfectly to capitalize on the area's growth trajectory. The expansive acreage offers ample space for the development of a gas station, retail establishment, multi-purpose building, or strip center. The property's prominent corner placement ensures maximum exposure to high traffic volume, guaranteeing strong visibility and accessibility for any future business. This is a rare chance to acquire a substantial parcel of land in a rapidly developing area, making it an attractive proposition for investors and developers seeking a prime location for their next project. The site is clearly situated for success, offering a unique blend of location and size, making it an ideal canvas for a thriving commercial enterprise. This land is poised for significant future appreciation, representing a sound investment in a promising market. Don't miss this opportunity to secure a piece of Anderson's burgeoning commercial landscape. Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.67703
    Latitude
    34.54016

    Nearby Similar for Sale

    • $685,000
      7,200 SF

      Versatile Commercial Space, Anderson SC

      Expansive commercial property with high visibility and traffic.
      405 Pearman Dairy Rd, Anderson, SC 29625
      View Details
    • $500,000
      0.81 Acres

      Downtown Anderson Multi-Use Commercial Property

      Turnkey facility with convenience store, restaurant, bar, and event center.
      202-208 W Franklin St, Anderson, SC 29624
      View Details
    • New
      $190,000

      Move-In Ready Office Suite

      Professional office suite near hospital with high traffic and signage.
      400 N Fant St, Anderson, SC 29621
      View Details
    • $750,000
      0.48 Acres

      Versatile Mixed-Use Commercial Property

      Over 5,000 sq ft commercial property with residential area.
      4327 Old Mill Rd, Anderson, SC 29623
      View Details
    • New
      $225,000
      1,400 SF

      Charming Office Space Near Downtown

      Office cottage near downtown Anderson, close to amenities.
      609 Bonham Ct, Anderson, SC 29621
      View Details
    • $275,000
      0.28 Acres

      Versatile Retail Space Near Downtown

      Adaptable commercial property near downtown Anderson, South Carolina.
      1804 S Mcduffie St, Anderson, SC 29624
      View Details
    • $75,000
      0.41 Acres

      Commercial Property in High-Traffic Location

      Prime commercial property suitable for service-based businesses or redevelopment.
      207 Manley Dr, Anderson, SC 29626
      View Details
    • $2,250,000
      0.38 Acres

      Historic Restaurant Space in Anderson

      Turnkey restaurant in historic downtown Anderson with prime real estate value.
      116 W Orr St, Anderson, SC 29625
      View Details
    • New
      $349,999
      2,770 SF

      New Anderson Duplex Investment Opportunity

      New duplex near downtown Anderson with modern amenities and strong rental potential.
      126 Brookmeade Dr, Anderson, SC 29624
      View Details
    • $439,900

      Versatile Residential Office Space

      Spacious property with living and office space, rental potential.
      510 E Calhoun St, Anderson, SC 29621
      View Details
    • $485,000
      4,290 SF

      Anderson Automotive Garage with Living Space

      Automotive garage with living space in thriving Anderson, South Carolina.
      609 Fair St, Anderson, SC 29625
      View Details
    • $2,250,000
      27,000 SF

      Industrial Building on 50 Acres

      27,000 sqft industrial building on 50 acres near Lake Hartwell.
      5575 Dobbins Bridge Rd, Anderson, SC 29626
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime 2.57-acre corner lot, ideal for development.
    Where is this commercial real estate located?
    The property is located at 3101 Martin Luther King Jr Blvd Blvd Anderson, SC.
    What is the asking price?
    The asking price for this property is $599,000.
    (864) 224-7901
    Request Owner's contact information
    3101 Martin Luther King Jr Blvd Blvd Anderson, SC 29625
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3101 Martin Luther King Jr Blvd Blvd
    Anderson, SC 29625
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3101 Martin Luther King Jr Blvd Blvd Anderson, SC 29625
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Carithers
    Real Estate License ID: 5419
    (864) 224-7901 (864) 376-1554
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!