Downtown Commercial Building in
For Sale
$245,000
109 E Main St., Andrews, SC 29510
3,500 square foot commercial building with potential in Andrews, SC.
Property Size3,579 SF
Price / SF$68.45
Days on Market148
Property Features for 109 E Main St.
General Information
Standard status
Active
Size
3,579 SF
Listing Agency:
Tidewater Properties
Listed By:
Robert McCants · License #106295
(843) 833-1362
Source:
Edgarwilson
Added: May 19
Changed: Oct 6
Last Checked: Oct 12 at 7:38PM
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 Tidewater Properties
Investment Insights
Based on property information with market context.
Located in downtown Andrews, this commercial building offers 3,500 square feet of space with potential for various business ventures, subject to approvals. Currently housing a cleaning business, the property features a front office, extensive storage, and a loading dock. Easy access and ample parking are available. The property is approximately 20 minutes from Georgetown and 1 hour from Myrtle Beach. Suitable for warehouse, light industrial, or service-oriented businesses, the property provides flexibility for growth.
Key Highlights
- 3,500 sq ft commercial building with tons of potential.
- Functional loading dock for smooth operations.
- Extensive storage capacity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,135
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,700
$442.7K
Cap Rate 7%
$316,214
$316.2K
Cap Rate 9%
$245,944
$245.9K
Market Conditions
NOI Build-Up for 3,579 SF
Gross rent
$33.9K $9.48/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$31.6K $8.84/SF
− OpEx
−$9.5K −$2.65/SF
NOI
$22.1K $6.18/SF
Area
Georgetown County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,700
Cap Rate 7%
$316,214
Cap Rate 9%
$245,944
Alternative Uses
Best Use
Retail
$612.0K
$535.5K – $714.0K
NOI $42,841 @ 7.0% cap · market cap 17.49%
Second Best
Warehouse
$374.9K
$328.1K – $437.4K
NOI $26,244 @ 7.0% cap · market cap 10.71%
Theoretical Best
Office A
$981.7K
$859.0K – $1.15M
NOI $68,717 @ 7.0% cap · market cap 28.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29510, SC
10,392
Population
4,310
Households
2.4
Avg Household Size
43
Median Age
11%
College-Educated
85%
High-School Grad
312.2 sq mi
ZIP Area
33
Density / Sq Mi
$46,768
Median Household Income
$29,849
Median Earnings
$744
Median Rent
$109,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,500 square foot commercial building with potential in Andrews, SC.
Where is this warehouse located?
The property is located at 109 E Main St. Andrews, SC.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 3,500 sq ft commercial building with tons of potential.; Functional loading dock for smooth operations.; Extensive storage capacity.
