Downtown Orangeburg Development
1505 Broughton Street, Orangeburg, SC 29115
4.96 acres in the heart of Downtown Orangeburg.
Type:Land
Property size:
22,939 SFLot size:
4.96 AcresPrice / SF:
$82/SF- Added:
- Sep 24, 2024
- Days on Market:
- 615
- Last Refresh:
- May 12 at 9:16 pm
Property Features for 1505 Broughton Street
General Information
- Standard status
- Active
- Size
- 22,939 SF
- Lot size
- 4.96 Acres
- Property subtype
- Land
Listing agent Todd Crosby
Listing office Crosby Land Company, Inc.
Listing date Sep 24, 2024
Source Crexi
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 Crosby Land Company, Inc.
HighLights
- Prime 4.96‑acre site in Downtown Orangeburg, zoned B‑1 for retail or residential development.
- 22,939 sq ft building with up to eight storefronts, offering flexible tenant space.
- Excellent accessibility from all four sides with over 1750 feet of road frontage.
- Equipped with essential utilities: water, sewer, and three‑phase power.
- Includes a 4000 sq ft warehouse for storage or additional commercial use.
- Convenient access from Broughton Street.
Overview
Located in Downtown Orangeburg, this 4.96-acre property is zoned B-1 general business district, making it suitable for retail or residential development. The site includes a 22,939-square-foot building designed to accommodate up to eight storefronts, offering flexible space for various tenants. A 4,000-square-foot warehouse at the rear of the property provides storage or additional commercial use options. The property features water, sewer, and three-phase power. With over 1,750 feet of road frontage and accessibility from all four sides, and convenient access from Broughton Street, the property is strategically located for commercial ventures.
Local Financial Insights For 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 | $220.2k | $9.60 |
| − Vacancy | −$26.4k | −$1.15 |
| EGI | $193.8k | $8.45 |
| − OpEx | −$58.1k | −$2.53 |
| NOI | $135.7k | $5.91 |
22,939 SF · lease $9.60/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.26M
NOI $135,652 @ 7.0% cap · market cap 7.14%
Second Best
Warehouse
$1.84M
$1.61M – $2.14M
NOI $128,454 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$3.32M
$2.91M – $3.88M
NOI $232,629 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
boss-wearbycleo
Clothing Store
Location Insight
- Map
- Local Demand
- City
- Orangeburg
- County
- Orangeburg
- State
- South Carolina
- Longitude
- -80.8698396
- Latitude
- 33.4925177
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 4.96 acres in the heart of Downtown Orangeburg.
Where is this commercial land located?
The property is located at 1505 Broughton Street Orangeburg, SC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Prime 4.96‑acre site in Downtown Orangeburg, zoned B‑1 for retail or residential development.; 22,939 sq ft building with up to eight storefronts, offering flexible tenant space.; Excellent accessibility from all four sides with over 1750 feet of road frontage.
