Retail/Flex Building on Corner
For Sale
$2,750,000
247 Hands Mill Hwy, Rock Hill, SC 29732
21,548 SF retail/flex building on 1.73 acre corner site.
Property Size21,548 SF
Lot Size1.73 Acres
Price / SF$127.62
Days on Market204
Property Features for 247 Hands Mill Hwy
General Information
Standard status
Active
Size
21,548 SF
Lot size
1.73 Acres
Property subtype
Retail
Building Details
Building Size
21,548 SF
Year Built
1986
Listing Agency:
SVN | Southern Commercial Real Estate
Listed By:
Randy Graham · License #11640
(803) 322-7228
Source:
Svn
Added: Apr 1
Changed: Oct 2
Last Checked: Oct 20 at 6:04PM
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 Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a freestanding building with 21,548 square feet of retail, special purpose, and flex space. The building is located on Hands Mill Road/Hwy. 274, situated on a 1.73 acre corner site. It is zoned UD in York County. The building was formerly an indoor gun range and features high security construction throughout. The entire building is heated and cooled. Three-phase electrical power and other utilities are available.
Key Highlights
- +/-21,548 SF free‑standing building
- +/-1.73 acre corner site
- Zoned UD in York County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,212
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,024,240
$5.0M
Cap Rate 7%
$3,588,743
$3.6M
Cap Rate 9%
$2,791,244
$2.8M
Market Conditions
NOI Build-Up for 21,548 SF
Gross rent
$431.8K $20.04/SF
− Vacancy
−$45.3K −$2.10/SF
EGI
$386.5K $17.94/SF
− OpEx
−$135.3K −$6.28/SF
NOI
$251.2K $11.66/SF
Area
York County, SC
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,024,240
Cap Rate 7%
$3,588,743
Cap Rate 9%
$2,791,244
Alternative Uses
Best Use
Retail
$4.16M
$3.64M – $4.86M
NOI $291,393 @ 7.0% cap · market cap 10.60%
Second Best
Flex RnD
$3.59M
$3.14M – $4.19M
NOI $251,212 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,706 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail space - 21,548 SF retail/flex building on 1.73 acre corner site.
Where is this retail space located?
The property is located at 247 Hands Mill Hwy Rock Hill, SC.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: +/-21,548 SF free‑standing building; +/-1.73 acre corner site; Zoned UD in York County
