Retail or Restaurant
26 Walnut Lane Travelers Rest, SC 29690
For Sale
$499,000
Two buildings on 0.5 acres suitable for retail/restaurant.
Property Size1,800 SF
Lot Size0.50 Acres
Price / SF$277.22
Days on Market416
Property Features for 26 Walnut Lane
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.50 Acres
Property subtype
Commercial/Industrial / Commercial
Listing Agency:
Poinsett Auction & Realty
(864) 834-8389
Listed By:
Randell Crowder
Source:
Compass
Added: Jun 8, 2025
Changed: Jul 10
Last Checked: Jul 24 at 2:40PM
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 Poinsett Auction & Realty
Investment Insights
Based on property information with market context.
This property features two buildings situated on a 0.5-acre lot. The main building offers 1800 square feet of space, suitable for retail or restaurant use. Additionally, there is a 1000-square-foot storage building equipped with a roll-up door. The property includes two lots identified by Tax Map numbers 0491000101700 and 0491000101800. Please note that the heating and AC unit is not functioning.
Key Highlights
- Great Location for Retail or Restaurant
- Two Buildings on 1/2 Acre of Land
- Main Building: 1800 Sq. Ft.
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 | $39.5k | $21.96 |
| − Vacancy | −$1.4k | −$0.79 |
| EGI | $38.1k | $21.17 |
| − OpEx | −$11.4k | −$6.35 |
| NOI | $26.7k | $14.82 |
1,800 SF · lease $21.96/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$381.0K
$333.4K – $444.6K
NOI $26,673 @ 7.0% cap · market cap 5.35%
Second Best
Specialty Retail
$334.6K
$292.8K – $390.4K
NOI $23,425 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$769.1K
$672.9K – $897.3K
NOI $53,835 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two buildings on 0.5 acres suitable for retail/restaurant.
Where is this retail space located?
The property is located at 26 Walnut Lane Travelers Rest, SC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Great Location for Retail or Restaurant; Two Buildings on 1/2 Acre of Land; Main Building: 1800 Sq. Ft.
