109 E Main St., Andrews, SC 29510

Building Details

Floors in Building 2 More

Number of units 1 More

Listing Agency: Tidewater Properties · Tucker Associates b***@gmail.com

Listed By: Robert McCants · License #106295 Show Phone

Added: May 6 Changed: Oct 6 Last Checked: Nov 7 at 9:06PM

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MLS# 2611733

Copyright © 2026 Coastal Carolina Association of REALTORS®. 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 commercial flex property at 109 E Main St. provides 3,579 square feet of adaptable space in a downtown setting. The layout includes a front office, substantial storage areas, and a loading dock that supports receiving and dispatch functions. The building is currently used by a cleaning business and may accommodate warehouse, light industrial, or service-oriented operations subject to appropriate approvals.

The property is in Andrews, with entry and exit access and on-site parking. Georgetown is approximately 20 minutes away, while Myrtle Beach is about one hour by drive. Commercial zoning further supports evaluation for a range of business uses, subject to applicable approvals.

Key Highlights

• 3,579‑square‑foot commercial flex building
• Commercial zoning in downtown Andrews
• Front office, extensive storage, and functional loading dock

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

Is this asking price fair?

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

Flex RnD

$489.0K

$427.9K – $570.6K (±1% cap)

NOI $34,233 @ 7.0% cap · market cap 13.97%

Second Best

Warehouse

$374.9K

$328.1K – $437.4K (±1% cap)

NOI $26,244 @ 7.0% cap · market cap 10.71%

Theoretical Best

Office A

$981.7K

$859.0K – $1.15M (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Commercially zoned facility with office, storage, loading, and parking components for service or warehouse operations.

Where is this flex space 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: 3,579‑square‑foot commercial flex building; Commercial zoning in downtown Andrews; Front office, extensive storage, and functional loading dock