Freestanding Storefront
For Sale
$700,000
205 W Main St, Lake City, SC 29560
Downtown setting near businesses, banks, restaurants, and public services supports multiple commercial use options.
Property Size5,410 SF
Price / SF$129.39
Days on Market49
Property Features for 205 W Main St
General Information
Standard status
Active
Size
5,410 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Columbia
Listed By:
John Gressette · License #126200
(803) 401-4233
Source:
Colliers
Added: Aug 26
Changed: Sep 28
Last Checked: Oct 12 at 4:56PM
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 Columbia
Investment Insights
Based on property information with market context.
This freestanding storefront property contains approximately 5,410 SF and is positioned for retail, office, or professional service operations. The building can accommodate an owner-user or tenant, offering flexibility for an operating business or leased occupancy.
Located on W Main Street in downtown Lake City’s business district, the property provides access to nearby local businesses, banks, restaurants, and public services. The surrounding downtown is experiencing redevelopment activity, while Lake City serves the Pee Dee region and hosts the annual ArtFields festival. Interstate 95 is also nearby, connecting the property with broader regional traffic and communities.
Located on W Main Street in downtown Lake City’s business district, the property provides access to nearby local businesses, banks, restaurants, and public services. The surrounding downtown is experiencing redevelopment activity, while Lake City serves the Pee Dee region and hosts the annual ArtFields festival. Interstate 95 is also nearby, connecting the property with broader regional traffic and communities.
Key Highlights
- ±5,410 SF freestanding storefront building
- Retail, office, and professional service use potential
- Suitable for an owner‑occupant or tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,689
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,780
$853.8K
Cap Rate 7%
$609,843
$609.8K
Cap Rate 9%
$474,322
$474.3K
Market Conditions
NOI Build-Up for 5,410 SF
Gross rent
$68.2K $12.60/SF
− Vacancy
−$11.2K −$2.08/SF
EGI
$56.9K $10.52/SF
− OpEx
−$14.2K −$2.63/SF
NOI
$42.7K $7.89/SF
Area
Florence County, SC
Vacancy
16.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,780
Cap Rate 7%
$609,843
Cap Rate 9%
$474,322
Alternative Uses
Best Use
Office B
$609.8K
$533.6K – $711.5K
NOI $42,689 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$553.8K
$484.6K – $646.1K
NOI $38,768 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$797.6K
$697.9K – $930.5K
NOI $55,831 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29560, SC
12,668
Population
6,236
Households
2
Avg Household Size
41
Median Age
19%
College-Educated
86%
High-School Grad
164.9 sq mi
ZIP Area
77
Density / Sq Mi
$45,421
Median Household Income
$31,681
Median Earnings
$702
Median Rent
$108,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Downtown setting near businesses, banks, restaurants, and public services supports multiple commercial use options.
Where is this storefront property located?
The property is located at 205 W Main St Lake City, SC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: ±5,410 SF freestanding storefront building; Retail, office, and professional service use potential; Suitable for an owner‑occupant or tenant
