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    979-987 University Dr Lancaster, SC 29720

    For Sale
    $1,150,000

    Multi-tenant property with retail, office, industrial, and storage units.

    Property size:
    20,606 SF
    Lot size:
    2.15 Acres

    Property Features for 979-987 University Dr

    General Information

    Size
    20,606 SF
    Lot size
    2.15 Acres

    Source: The Tuttle Company Agent Will Jordan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity

    The property at 979 University Drive, identified as parcel 0062M-0B-001.00, encompasses approximately 1.81 acres. It features tenant-occupied spaces including approximately 3,368 square feet of office space, approximately 4,026 square feet of industrial space, and 5 self-storage units. Additionally, the site includes approximately 11,664 square feet of self-storage space, consisting of 48 units with an occupancy rate of approximately 70%. The current asking rent for available self-storage units is $75 per month per unit. The property at 987 University Drive, identified as parcel 0062M-0B-001.01, spans approximately 0.34 acres and includes an approximately 1,548 square foot retail building, which includes an approximately 144 square foot porch and approximately 1,440 square feet of finished area.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.781134
    Latitude
    34.74329

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    FAQs

    What type of property is this?
    Self storage facility - Multi-tenant property with retail, office, industrial, and storage units.
    Where is this self storage facility located?
    The property is located at 979-987 University Dr Lancaster, SC.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - ±1.81 acre parcel with mixed-use income potential.; - Existing tenant-occupied office, industrial, and retail spaces.; - Self-storage facility with 48 units (±70% occupied) providing immediate income.
    (803) 417-0583
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    Lancaster, SC 29720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    979-987 University Dr Lancaster, SC 29720
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