Freestanding Bank
245 South Herlong Avenue Rock Hill, SC 29732
245 South Herlong Avenue, Rock Hill, SC, 29732
$1,395,000
For Sale
$1,395,000
Bank building on a corner lot directly across from Piedmont Medical Center.
Property Size3,058 SF
Lot Size1.10 Acres
Price / SF$456.18
Days on Market50
Property Features for 245 South Herlong Avenue
General Information
- Standard status
- Active
- Size
- 3,058 SF
- Lot size
- 1.10 Acres
- Property subtype
- Office
Listing agency
Southern Commercial Real Estate, LLC
(803) 322-7228
Listed by
Randy Graham · License #11640
(803) 322-7228
Source
Svn-scre
Added: Jun 3 Updated: Jul 22 at 4:50AM Checked: Jul 22 at 4:50AM
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.
Well located freestanding bank building with an existing ground lease for the bank branch, with 5+ years remaining and renewal options. The building is approximately 3,058 SF, situated on a 0.10-acre site on a corner.
The property is located at 245 South Herlong Avenue in Rock Hill, SC, directly across from Piedmont Medical Center.
The property is located at 245 South Herlong Avenue in Rock Hill, SC, directly across from Piedmont Medical Center.
Key Highlights
- Well‑located freestanding bank building directly across from Piedmont Medical Center
- Ground lease in place for the freestanding bank branch, with 5+ years remaining and renewal options
- Building is approximately 3,058 SF
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 | $61.3k | $20.04 |
| − Vacancy | −$2.2k | −$0.72 |
| EGI | $59.1k | $19.32 |
| − OpEx | −$17.7k | −$5.80 |
| NOI | $41.4k | $13.52 |
3,058 SF · lease $20.04/SF/yr · vacancy 3.60% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BB&T - ATM
Atm
BB&T Insurance Services
Insurance Agency
BB&T Mortgage
Loan Service
Truist
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Bank building on a corner lot directly across from Piedmont Medical Center.
Where is this bank located?
The property is located at 245 South Herlong Avenue 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: Well‑located freestanding bank building directly across from Piedmont Medical Center; Ground lease in place for the freestanding bank branch, with 5+ years remaining and renewal options; Building is approximately 3,058 SF
