Historic Brick Office
303 E River Street, Anderson, SC 29624
For Sale
New
Contact for pricing
A two-story layout with private offices and a conference room supports professional occupancy.
Property Size4,000 SF
Lot Size0.42 Acres
Price / SF$0.00
Days on Market7
Property Features for 303 E River Street
General Information
Standard status
Size
Lot size
Zoning
Additional Details
Currently Operating
Property Use
Building Details
Buildings
Stories
Building Size
Construction
Listing Agency:
Southeast Investment Properties, LLC
Listed By:
John Powell · License SC #41156
(864) 933-5773
Source:
Adamdevolrealtor.myrealestateplatform
Added: Nov 4
Last Checked: Nov 8 at 5:58AM
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 Southeast Investment Properties, LLC
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Investment Insights
Based on property information with market context.
This two-story brick office building contains approximately 4,000 SF, with private offices, a conference room, and a functional interior layout. The property is currently used as a church office and sits on a 0.421-acre lot.
The building is in the Anderson Historic District, with PI / HO zoning, and is less than 1,000 feet from Main Street in downtown Anderson. Parking options include street parking and a church lot across the street.
The building is in the Anderson Historic District, with PI / HO zoning, and is less than 1,000 feet from Main Street in downtown Anderson. Parking options include street parking and a church lot across the street.
Key Highlights
- Approximately 4,000 SF across two stories
- Private offices and a conference room
- 0.421‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,846
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,920
$1.3M
Cap Rate 7%
$940,657
$940.7K
Cap Rate 9%
$731,622
$731.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$102.7K $25.68/SF
− Vacancy
−$14.9K −$3.73/SF
EGI
$87.8K $21.95/SF
− OpEx
−$21.9K −$5.49/SF
NOI
$65.8K $16.46/SF
Area
Anderson County, SC
Vacancy
14.53%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,920
Cap Rate 7%
$940,657
Cap Rate 9%
$731,622
Alternative Uses
Best Use
Office B
$940.7K
$823.1K – $1.10M
NOI $65,846 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.39M
$2.09M – $2.79M
NOI $167,409 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
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Business Placement
Demographics for 29624, SC
14,819
Population
6,750
Households
2.2
Avg Household Size
39
Median Age
8%
College-Educated
74%
High-School Grad
28.2 sq mi
ZIP Area
525
Density / Sq Mi
$31,808
Median Household Income
$25,121
Median Earnings
$778
Median Rent
$80,100
Median Home Value
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Market
Properties on Market for Office buildings in Anderson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A two-story layout with private offices and a conference room supports professional occupancy.
Where is this office building located?
The property is located at 303 E River Street Anderson, SC.
What are key features of this property?
This property features: Approximately 4,000 SF across two stories; Private offices and a conference room; 0.421‑acre lot
