15740 N HWY 11, Salem, SC 29676
Fully leased shopping center offering 18,653 SF of retail space, situated on Lake Keowee.
- Added:
- Jun 2, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 3:25 am
Property Features for 15740 N HWY 11
General Information
- Standard status
- Active
- Size
- 18,653 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing agent Brian Munn License #GA 263081
Listing office Marcus & Millichap - Atlanta
Listing date Jun 2, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta
HighLights
- 18,653 SF shopping center built in 2007
- 100% occupied shopping center with fully leased retail space
- Shopping center on Lake Keowee
Overview
Located at 15740 N HWY 11 in Salem, SC, the center benefits from a prominent position on Lake Keowee. Its setting provides a distinct experiential environment for retail users and shoppers, while the established occupancy supports continuity of operations.
For buyers seeking a retail-focused acquisition with current leasing in place, the fully occupied configuration is an important factor to evaluate. The shopping center format can accommodate a range of neighborhood-serving retail uses, and the overall size provides flexibility for tenants within the existing space. Prospective purchasers and tenant/broker prospects can review the current tenancy and layout details to confirm fit for their business or investment objectives.
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 | $335.8k | $18.00 |
| − Vacancy | −$12.1k | −$0.65 |
| EGI | $323.7k | $17.35 |
| − OpEx | −$97.1k | −$5.21 |
| NOI | $226.6k | $12.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Oconee
- State
- South Carolina
- Longitude
- -82.933317
- Latitude
- 34.913303
