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1930s Retail/Office Building Portfolio
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116 Arch Street, Lancaster, SC 29720

Vacant, renovation-needed buildings offering flexible retail or office space in downtown Lancaster with convenient highway access.

Property Size29,444 SF
Price / SF$19.53
Days on Market56

Property Features for 116 Arch Street

General Information

Standard status Active
Size 29,444 SF
Property subtype Mixed Use

Additional Details

Traffic Count 10,000 vehicles/day

Building Details

Year Built 1930
Listing Agency: NewLeaf Commercial Real Estate, LLC
Listed By: Morgan Hamer · License #NC - 297378
Source: Crexi
Added: Jun 11 Changed: Jul 10 Last Checked: Aug 5 at 11:37AM

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 NewLeaf Commercial Real Estate, LLC

Investment Insights

Based on property information with market context.

This for-sale portfolio includes 1930s-vintage commercial buildings historically used for retail or office space. The properties are currently vacant and require renovation to return them to an operable condition. The offering is designed to support adaptive reuse, giving developers and investors a blank-canvas configuration for a retail and/or office redevelopment.

Located in downtown Lancaster, the properties sit just off Highway 521 and are about five minutes from the intersection with Highway 9. The surrounding retail corridor places future tenants near established national retailers, including Belk, CVS, Food Lion, Aldi, Arby’s, and Bojangles. Downtown Lancaster’s walkable streets also provide proximity to local restaurants, boutique shops, and county facilities including the Lancaster County Administration Building and the Lancaster County Courthouse. The surrounding streets reportedly see more than 10,000 vehicles passing each day.

For tenants and buyers seeking flexible space options, these underutilized buildings can be re-positioned for retail or office use following value-add rehabilitation. The comprehensive plan designation referenced in the remarks places the properties within the municipality designation, removing any zoning or land use regulations and supporting adaptive reuse planning. The location is positioned to serve a growing customer and workforce base in Lancaster County, with spending and population growth metrics cited in the offering materials.

Key Highlights

  • 1930‑vintage commercial buildings in downtown Lancaster, historically used as retail or office space
  • Buildings are currently vacant and need renovation (value‑add rehabilitation opportunity)
  • Located just off Highway 521 and about 5 minutes from the Highway 9 intersection

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Storage Facility Grocery & Convenience Store

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

Lease Details

10,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

141
Businesses Nearby

Demographics for 29720, SC

51,198
Population
22,106
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
86%
High-School Grad
284.9 sq mi
ZIP Area
180
Density / Sq Mi
$59,039
Median Household Income
$37,020
Median Earnings
$845
Median Rent
$212,800
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Vacant, renovation-needed buildings offering flexible retail or office space in downtown Lancaster with convenient highway access.
Where is this office building located?
The property is located at 116 Arch Street Lancaster, SC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1930‑vintage commercial buildings in downtown Lancaster, historically used as retail or office space; Buildings are currently vacant and need renovation (value‑add rehabilitation opportunity); Located just off Highway 521 and about 5 minutes from the Highway 9 intersection
More about this property
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