Restaurant with Covered Outdoor
For Sale
$2,250,000
116 W Orr Street, Anderson, SC 29625
SINGLE_FAMILY - Anderson, SC
Property Size5,000 SF
Lot Size0.38 Acres
Price / SF$450
Days on Market429
Property Features for 116 W Orr Street
General Information
Property type
Residential
Property subtype
Retail
Security features
Security
Exterior features
Fence, Landscaping
Fencing
Fenced
Appliances
Refrigerator, WaterHeater
Lot features
City Lot, Level
Directions
South on Main Street into downtown Anderson, turn right on West Orr St., Building is on the right.
Subdivision
110-Anderson County, SC
Standard status
Active
APN
123-29-02-004
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
4098
Utilities
Heating system
Natural Gas
Cooling system
Heat Pump, Zoned
Building Details
Year built
1930
Floors in Building
1
Flooring type
Concrete, Wood
Building materials
Brick, Concrete
Roof type
Shingle
Listing Agency:
Carithers Real Estate
(864) 224-7901
Listed By:
John Benca · License #83730
(864) 934-2535
Added: Jun 3, 2025
Changed: Aug 2
Last Checked: Aug 5 at 4:06PM
MLS# 20288414
Copyright © 2026 Western Upstate 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.
Investment Insights
Based on property information with market context.
A renovated 1930 restaurant space in historic downtown Anderson, originally a car dealership. The building is constructed with brick and concrete, with concrete and wood flooring, and a shingle roof. Restaurant operations are supported by natural gas heating with heat pump and zoned cooling. The property includes fencing, landscaping, and appliances such as a refrigerator and water heater.
The asset is accessed from Murray Ave, Main St, and Orr St. For customer convenience, there are four city parking lots nearby. A spacious covered outdoor dining area complements the interior restaurant space.
The property is offered with 5,000 square feet of restaurant space and sits on a 0.38-acre lot.
The asset is accessed from Murray Ave, Main St, and Orr St. For customer convenience, there are four city parking lots nearby. A spacious covered outdoor dining area complements the interior restaurant space.
The property is offered with 5,000 square feet of restaurant space and sits on a 0.38-acre lot.
Key Highlights
- 5,000 SF restaurant space in a 1930 building
- 0.38‑acre lot in historic downtown Anderson
- Triple access from Murray Ave, Main St, and Orr St
Financial Insights For Specialty Retail
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 | $90.0k | $18.00 |
| − Vacancy | −$3.2k | −$0.65 |
| EGI | $86.8k | $17.35 |
| − OpEx | −$21.7k | −$4.34 |
| NOI | $65.1k | $13.01 |
5,000 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$929.6K
$813.4K – $1.08M
NOI $65,070 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$54.14M
$47.37M – $63.16M
NOI $3,789,513 @ 7.0% cap · market cap 168.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29625, SC
28,521
Population
13,716
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
46.9 sq mi
ZIP Area
608
Density / Sq Mi
$58,746
Median Household Income
$36,120
Median Earnings
$1,015
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated 1930 restaurant with triple access, a covered outdoor dining area, and multiple downtown parking options.
Where is this conventional restaurant located?
The property is located at 116 W Orr Street Anderson, SC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 5,000 SF restaurant space in a 1930 building; 0.38‑acre lot in historic downtown Anderson; Triple access from Murray Ave, Main St, and Orr St
