Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Lee St York, SC 29745

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land in York, SC, suitable for redevelopment.

    Property size:
    903 SF

    Property Features for 3 Lee St

    General Information

    Standard status
    Active
    Size
    903 SF

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Holly Mcdonnell
    Source: Corcoran

    Listing Agency: DM PROPERTIES & ASSOCIATES Listing Agent: Holly Mcdonnell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    York SC Redevelopment Opportunity

    Located in York, SC, 3 Lee St presents an investment and redevelopment opportunity suitable for various commercial and light industrial uses. The property is located minutes from downtown York, providing access to shopping, dining, and local amenities. The existing structure offers an adaptive reuse or repositioning opportunity, making it suitable for investors or business owners looking to transform the space into an office, workspace, or service-based operation. With utilities available and a level site, the property is customizable to fit a range of commercial needs. The property has a size of 903 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    South Carolina
    Longitude
    -81.236255
    Latitude
    34.9965383

    Nearby Similar for Sale

    • Contact for pricing

      Retail Property on Liberty Street

      Retail property with high visibility near major retailers.
      1000 East Liberty St, York, SC 29745
      View Details
    • $800,000

      Corner Lot Flex-Space Building

      High-visibility corner lot with flex-space building in York, SC.
      1280 Black Hwy, York, SC 29745
      View Details
    • New
      Contact for pricing

      Income-Producing Automotive Property For Sale

      7-acre automotive property in prime retail corridor.
      979 E Liberty St, York, SC 28745
      View Details
    • Contact for pricing

      York County Entertainment Venue

      Bar, restaurant, or entertainment space in growing York County.
      277 Turkey Creek Rd, York, SC 29745
      View Details
    • Contact for pricing
      300 SF

      Cozy Barber Shop/Salon Space

      300 Sq. Ft. commercial unit ideal for barber shop.
      7 Liberty St E, York, SC 29745
      View Details
    • Contact for pricing

      Retail Building with Drive-Through

      2000 sq ft building with drive-through in York shopping district.
      1007 Creekside Medical Dr, York, SC 29745
      View Details
    • $165,000
      2.20 Acres

      two gas stations

      Hardee\u00e2\u0080\u0099s
      00 Lincoln Rd, York, SC 29745
      View Details
    • $499,900
      0.18 Acres

      Historic Yorkville Retail Building

      Restored 1891 building, prime retail space.
      67 Congress St, York, SC 29745
      View Details
    • $3,000,000
      30.00 Acres

      Prime York County Development Land

      30-Acre Tract, Approved Apartment Complex
      Alexander Love Hwy, York, SC 29745
      View Details
    • $396,335

      00 Colonial Acres Circle, York, SC 29745

      Farms
      00 Colonial Acres Cir, York, SC 29745
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in York, SC, suitable for redevelopment.
    Where is this commercial land located?
    The property is located at 3 Lee St York, SC.
    What are key features of this property?
    This property features: - Redevelopment/Repositioning Opportunity: Ideal for investors or business owners.; - Flexible Commercial/Light Industrial Uses: Zoning allows for a variety of business operations.; - Convenient Location: Minutes from downtown York, providing easy access to amenities.
    (704) 298-4154
    Request Owner's contact information
    3 Lee St York, SC 29745
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 Lee St
    York, SC 29745
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Lee St York, SC 29745
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Holly Mcdonnell
    (704) 298-4154
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!