Retail Property in Anderson,
1807 E Greenville St Anderson, SC 29621
1807 E Greenville St, Anderson, SC, 29621
$2,172,000
For Sale
$2,172,000
Retail property with two tenants in Anderson, South Carolina.
Property Size3,702 SF
Price / SF$586.71
Days on Market112
Property Features for 1807 E Greenville St
General Information
- Standard status
- Active
- Size
- 3,702 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2010
Listing agency
Marcus & Millichap - Chicago Oak Brook
(630) 570-2171
Listed by
Dominic Sulo · License #License(s): IL: 475.134920
(630) 570-2171
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:09AM
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 Marcus & Millichap - Chicago Oak Brook
Investment Insights
Based on property information with market context.
This retail property is located in Anderson, South Carolina, within the Greenville Metropolitan Statistical Area. The property is currently occupied by two tenants: HipBurger and Electric City Eye Care. The building has a total area of 3,702 square feet.
Key Highlights
- Located in Anderson, South Carolina (Greenville MSA).
- Features both a HipBurger and Electric City Eye Care.
- Built in 2010.
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 | $111.1k | $30.00 |
| − Vacancy | −$4.0k | −$1.08 |
| EGI | $107.1k | $28.92 |
| − OpEx | −$32.1k | −$8.68 |
| NOI | $74.9k | $20.24 |
3,702 SF · lease $30.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$936.8K – $1.25M
NOI $74,943 @ 7.0% cap · market cap 3.45%
Second Best
Office B
$870.6K
$761.8K – $1.02M
NOI $60,941 @ 7.0% cap · market cap 2.81%
Theoretical Best
Multifamily LT 5
$40.08M
$35.07M – $46.76M
NOI $2,805,755 @ 7.0% cap · market cap 129.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Excellence Insurance SC
Insurance Agency
Dr. Doug Reed
Physician
Electric City Eye ...
Ophthalmologist
Bearded Bros. BBQ
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail property with two tenants in Anderson, South Carolina.
Where is this strip mall located?
The property is located at 1807 E Greenville St Anderson, SC.
What is the asking price?
The asking price for this property is $2,172,000.
What are key features of this property?
This property features: Located in Anderson, South Carolina (Greenville MSA).; Features both a HipBurger and Electric City Eye Care.; Built in 2010.
