Mixed-Use Storefront with Covered
230 E Main Street, Walhalla, SC 29691
For Sale
$475,000
CommercialSale, Walhalla, SC
Property Size2,200 SF
Lot Size0.12 Acres
Price / SF$215.91
Days on Market216
Property Features for 230 E Main Street
General Information
Property type
Property subtype
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Amenities
catering kitchen
covered back deck
front bay windows
Building Details
Year built
Flooring type
Roof type
Listing Agency:
Clardy Real Estate - W Union
(864) 916-2571
Listed By:
Holly Douglas · License SC #88953
(864) 992-7820
Added: Apr 10
Changed: Oct 2
Last Checked: Nov 11 at 9:06AM
MLS# 20299602
Copyright © 2026 Western Upstate Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,200+ square-foot mixed-use property has an open interior that can remain unified or be divided. The space has served retail, office, and event functions. Front bay windows provide display area, while a preserved Bull Durham tobacco advertisement uncovered during earlier renovation adds a distinctive interior feature. Additional improvements include hardwood flooring, a catering kitchen with a storage closet, and restrooms; plumbing remains in place to restore the men's room to its former two-stall configuration. A former barbershop occupies that room today.
Double glass doors open to a covered rear deck with privacy draperies. The deck connects to a small parking area, and a city parking lot is located down the alley. The property occupies a 0.12-acre lot in Walhalla, South Carolina.
Double glass doors open to a covered rear deck with privacy draperies. The deck connects to a small parking area, and a city parking lot is located down the alley. The property occupies a 0.12-acre lot in Walhalla, South Carolina.
Key Highlights
- 2,200+ square feet in a building constructed in 1925
- Open layout can remain undivided or be partitioned
- Preserved Bull Durham tobacco advertisement uncovered during prior renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,722
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,440
$534.4K
Cap Rate 7%
$381,743
$381.7K
Cap Rate 9%
$296,911
$296.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$39.6K $18.00/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$38.2K $17.35/SF
− OpEx
−$11.5K −$5.21/SF
NOI
$26.7K $12.15/SF
Area
Oconee County, SC
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,440
Cap Rate 7%
$381,743
Cap Rate 9%
$296,911
Alternative Uses
Best Use
Retail
$381.7K
$334.0K – $445.4K
NOI $26,722 @ 7.0% cap · market cap 5.63%
Second Best
Mixed Use
$325.3K
$284.6K – $379.5K
NOI $22,770 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$552.3K
$483.2K – $644.3K
NOI $38,658 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Hardee's
Dining
8,867 visits/mo
0.4 miles
Demographics for 29691, SC
11,142
Population
5,518
Households
2
Avg Household Size
41
Median Age
18%
College-Educated
82%
High-School Grad
62.2 sq mi
ZIP Area
179
Density / Sq Mi
$52,722
Median Household Income
$35,164
Median Earnings
$792
Median Rent
$179,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible interior space includes display windows, a catering kitchen, and preserved historic tobacco advertising.
Where is this mixed-use property located?
The property is located at 230 E Main Street Walhalla, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,200+ square feet in a building constructed in 1925; Open layout can remain undivided or be partitioned; Preserved Bull Durham tobacco advertisement uncovered during prior renovation
