Multi-Tenant Retail
110 MIRACLE MILE DR Anderson, SC 29621
110 MIRACLE MILE DR, Anderson, SC, 29621
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For Sale
Contact for pricing
Leased retail center with multiple established businesses and three suites available for new tenants.
Property Size19,030 SF
Price / SF$204.94
Days on Market50
Property Features for 110 MIRACLE MILE DR
General Information
- Standard status
- Active
- Size
- 19,030 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1977
Listing agency
Silver Star Real Estate
(864) 225-1883
Listed by
David Phillips · License #SC 22878
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:49PM Checked: Jul 19 at 7:35AM
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 Silver Star Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant retail center offers 19,030 SF with a currently leased tenant base that includes eight established businesses. The property has three spaces currently open for lease, creating immediate in-place occupancy structure while allowing for new retail and service concepts to enter the mix.
Located at 110 Miracle Mile Dr in Anderson, SC, the center is configured to support multiple storefront-style occupants within one ownership footprint. The existing tenant mix indicates the building is being utilized for ongoing customer-facing operations, with several units presently occupied and managed under a single property.
For prospective tenants or buyers, the most practical takeaway is the combination of established operations and near-term leasing flexibility. With three units available, retailers or service providers that align with the existing tenant types can target space within a functioning center rather than a ground-up start. The property’s size and multi-unit design also support a range of tenant footprints for an operator looking to join an active retail environment.
Located at 110 Miracle Mile Dr in Anderson, SC, the center is configured to support multiple storefront-style occupants within one ownership footprint. The existing tenant mix indicates the building is being utilized for ongoing customer-facing operations, with several units presently occupied and managed under a single property.
For prospective tenants or buyers, the most practical takeaway is the combination of established operations and near-term leasing flexibility. With three units available, retailers or service providers that align with the existing tenant types can target space within a functioning center rather than a ground-up start. The property’s size and multi-unit design also support a range of tenant footprints for an operator looking to join an active retail environment.
Key Highlights
- 19,030 SF leased retail center with 8 established businesses currently leasing 3 spaces
- 8 established businesses in place, with 3 suites currently open for lease
- Year built: 1977
Local 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 | $488.7k | $25.68 |
| − Vacancy | −$71.0k | −$3.73 |
| EGI | $417.7k | $21.95 |
| − OpEx | −$104.4k | −$5.49 |
| NOI | $313.3k | $16.46 |
19,030 SF · lease $25.68/SF/yr · vacancy 14.53% · expense 25.00%
Alternative Uses
Best Use
Retail
$5.50M
$4.82M – $6.42M
NOI $385,243 @ 7.0% cap · market cap 9.88%
Second Best
Office B
$4.48M
$3.92M – $5.22M
NOI $313,263 @ 7.0% cap · market cap 8.03%
Theoretical Best
Multifamily LT 5
$206.04M
$180.29M – $240.38M
NOI $14,422,886 @ 7.0% cap · market cap 369.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Guitar Shop
(Bike/Boat/Book/etc) Store
Cameron Paul's Dojo
Sports School
GetRight! Personal Training
Gym & Fitness Center
Taqueria Picante Mexican ...
Restaurant
Precision Carolina Spinal ...
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Leased retail center with multiple established businesses and three suites available for new tenants.
Where is this retail space located?
The property is located at 110 MIRACLE MILE DR Anderson, SC.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 19,030 SF leased retail center with 8 established businesses currently leasing 3 spaces; 8 established businesses in place, with 3 suites currently open for lease; Year built: 1977
