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Rock Hill Flex Building

2260 Cherry Rd Rock Hill, SC 29732

2260 Cherry Rd, Rock Hill, SC, 29732

$4,200,000

For Sale

$4,200,000

24,058 SF flex building, fully rehabbed, high-traffic retail area.

Property Size24,058 SF

Price / SF$174.58

AddedNov 21, 2025

Days on Market236

Last RefreshMay 8 at 8:23 pm

Property Features for 2260 Cherry Rd

General Information

Standard status: Active
Size: 24,058 SF
Property subtype: Industrial

Building Details

Year Built: 1974

Listing office Southern Commercial Real Estate, LLC

Listing date Nov 21, 2025

Source Svn-scre

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 Southern Commercial Real Estate, LLC

Investment Insights

Based on property information with market context.

This 24,058 square foot masonry flex building, fully gutted and rehabbed in 2022, is located in Rock Hill, South Carolina, less than 1 mile from Interstate 77 at Exit 82 and 8 miles south of Charlotte, NC city limits. The property offers modern functionality in a high traffic retail area. The location provides a dynamic setting with a thriving business community and diverse range of dining, shopping, and entertainment options. The property is zoned GC, allowing for retail and flex uses. The tenant operates 6 locations and has a 10 year absolute NNN leaseback with 2% annual rent increases and a below market lease rate.

Key Highlights

10‑year absolute NNN leaseback with 2% annual rent increases provides stable, passive income.
Fully gutted and rehabbed in 2022 offers modern functionality and reduces near‑term capital expenditure.
24,058 SF industrial/flex space in a high‑traffic retail area provides versatile usage options.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$482.1k	$20.04
− Vacancy	−$17.4k	−$0.72
EGI	$464.8k	$19.32
− OpEx	−$139.4k	−$5.80
NOI	$325.3k	$13.52

24,058 SF · lease $20.04/SF/yr · vacancy 3.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$4.65M

$4.07M – $5.42M (±1% cap)

NOI $325,336 @ 7.0% cap · market cap 7.75%

Second Best

Flex RnD

$4.01M

$3.51M – $4.67M (±1% cap)

NOI $280,475 @ 7.0% cap · market cap 6.68%

Theoretical Best

Office A

$5.66M

$4.95M – $6.60M (±1% cap)

NOI $396,024 @ 7.0% cap · market cap 9.43%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
SC
Rock Hill
29732
2260 Cherry Rd

What type of property is this?

Flex space - 24,058 SF flex building, fully rehabbed, high-traffic retail area.

Where is this flex space located?

The property is located at 2260 Cherry Rd Rock Hill, SC.

What is the asking price?

The asking price for this property is $4,200,000.

What are key features of this property?

This property features: 10‑year absolute NNN leaseback with 2% annual rent increases provides stable, passive income.; **Fully gutted and rehabbed in 2022** offers modern functionality and reduces near‑term capital expenditure.; **24,058 SF industrial/flex space** in a high‑traffic retail area provides versatile usage options.