Building Details

Year built 1962

Listing Agency: Brown & Coker Realty

Listed By: Scott Gauger · License #144241 Show Phone

Added: Jun 3 Changed: Aug 19 Last Checked: Oct 9 at 2:06PM

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MLS# 2601972

Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This retail property at 331 W Carolina Ave includes approximately 17,957 square feet of commercial space on 1.77 acres. The former grocery-store building offers an open interior with 12-foot ceilings, creating a flexible layout for retail, warehouse, distribution, office, fitness, or redevelopment use. Approximately 81 parking spaces support customer, employee, and tenant access, while roof improvements completed within the past two years address a major building component.

The property is positioned along West Carolina Avenue in Hartsville, close to downtown businesses, restaurants, and shopping. Its established commercial setting and sizable floor area provide a combination of interior capacity, site area, and parking for a range of operations.

Key Highlights

• Approximately 17,957 square feet of commercial space on 1.77 acres
• Open floor plan with 12‑foot ceilings
• Approximately 81 on‑site parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$107,545

Cap Rate

8.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,150,900 $2.2M

Cap Rate 7%

$1,536,357 $1.5M

Cap Rate 9%

$1,194,944 $1.2M

Market Conditions

NOI Build-Up for 17,957 SF

Gross rent

$135.8K $7.56/SF

− Vacancy

−$9.2K −$0.51/SF

EGI

$126.5K $7.05/SF

− OpEx

−$19.0K −$1.06/SF

NOI

$107.5K $5.99/SF

Area

Darlington County, SC

Vacancy

6.80%

Lease Rate

$7.56 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,150,900

Cap Rate 7%

$1,536,357

Cap Rate 9%

$1,194,944

Alternative Uses

Best Use

Retail

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,677 @ 7.0% cap · market cap 9.39%

Second Best

Warehouse

$1.54M

$1.34M – $1.79M (±1% cap)

NOI $107,545 @ 7.0% cap · market cap 8.96%

Theoretical Best

Specialty Retail

$33.21M

$29.06M – $38.75M (±1% cap)

NOI $2,324,803 @ 7.0% cap · market cap 193.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Hartsville IGA Specialty Food Shop Western Union Bank

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Kitchen & Bath Showroom HVAC Service Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

Location Intelligence

Trade Area within ½ mile

787

Businesses Nearby

Explore this area Business Placement

Demographics for 29550, SC

30,013

Population

13,913

Households

2.2

Avg Household Size

42

Median Age

24%

College-Educated

87%

High-School Grad

208.2 sq mi

ZIP Area

144

Density / Sq Mi

$54,191

Median Household Income

$36,518

Median Earnings

$851

Median Rent

$169,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Commercial property with high ceilings, substantial parking, and recent roof improvements near downtown Hartsville.

Where is this retail space located?

The property is located at 331 W Carolina Ave Hartsville, SC.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Approximately 17,957 square feet of commercial space on 1.77 acres; Open floor plan with 12‑foot ceilings; Approximately 81 on‑site parking spaces