Free-Standing Bank Branch Ground
For Sale
Contact for pricing
245 S Herlong Ave, Rock Hill, SC 29732
Free-standing bank branch on a corner site across from Piedmont Medical Center, offered with a ground lease.
Property Size3,058 SF
Lot Size1.10 Acres
Price / SF$456.18
Days on Market130
Property Features for 245 S Herlong Ave
General Information
Standard status
Active
Size
3,058 SF
Lot size
1.10 Acres
Property subtype
LAND
Listing Agency:
SVN | Southern Commercial
(803) 325-1000
Listed By:
Randy Graham · License #11640
(803) 322-7228
Source:
Moodyscre
Added: Jun 3
Changed: Sep 8
Last Checked: Oct 7 at 12:33PM
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 SVN | Southern Commercial
Investment Insights
Based on property information with market context.
This offering is a ground lease for a free-standing bank branch. The building is approximately 3,058 square feet and is situated on a roughly 1/10-acre site at a corner location.
The property is located at 245 S Herlong Ct in Rock Hill, SC and sits across from Piedmont Medical Center.
The lease term has more than five years remaining, with renewal options.
The property is located at 245 S Herlong Ct in Rock Hill, SC and sits across from Piedmont Medical Center.
The lease term has more than five years remaining, with renewal options.
Key Highlights
- Ground lease for a free‑standing bank branch
- 5+ years remaining on the ground lease with renewal options
- Approx. 3,058 SF building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,353
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,060
$827.1K
Cap Rate 7%
$590,757
$590.8K
Cap Rate 9%
$459,478
$459.5K
Market Conditions
NOI Build-Up for 3,058 SF
Gross rent
$61.3K $20.04/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$59.1K $19.32/SF
− OpEx
−$17.7K −$5.80/SF
NOI
$41.4K $13.52/SF
Area
York County, SC
Vacancy
3.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,060
Cap Rate 7%
$590,757
Cap Rate 9%
$459,478
Alternative Uses
Best Use
Retail
$590.8K
$516.9K – $689.2K
NOI $41,353 @ 7.0% cap · market cap 2.96%
Second Best
Specialty Retail
$587.7K
$514.2K – $685.6K
NOI $41,136 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$719.1K
$629.2K – $839.0K
NOI $50,338 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
McDonald's
Dining
28,904 visits/mo
0.5 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
15,649 visits/mo
0.4 miles
Starbucks
Dining
13,106 visits/mo
0.5 miles
Wendy's
Dining
11,795 visits/mo
0.5 miles
BP
Shops & Services
8,173 visits/mo
0.4 miles
Demographics for 29732, SC
59,417
Population
24,926
Households
2.4
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
52.8 sq mi
ZIP Area
1,125
Density / Sq Mi
$79,936
Median Household Income
$44,650
Median Earnings
$1,293
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Free-standing bank branch on a corner site across from Piedmont Medical Center, offered with a ground lease.
Where is this bank located?
The property is located at 245 S Herlong Ave Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Ground lease for a free‑standing bank branch; 5+ years remaining on the ground lease with renewal options; Approx. 3,058 SF building
