Listing Agency: Monaghan Co Real Estate Show Phone

Listed By: Clay Duncan · License #103704 Show Phone

Source: Adamdevolrealtor.myrealestateplatform

Added: Jul 27 Changed: Oct 15 Last Checked: Oct 14 at 11:00PM

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Investment Insights

Based on property information with market context.

This finished basement commercial space contains approximately 2,100 square feet and is positioned below The Fizz Boutique. The property is accessible from Kieth Street and was formerly occupied by The Grace Coffee Shop, providing a documented connection to coffee shop operations. Located on College Avenue in downtown Clemson, the space offers a recognizable central setting for a coffee-focused commercial use. The address is 382 College Avenue, Basement space, Clemson, SC 29631.

Key Highlights

• Approximately 2100 square feet of finished space
• Basement location below The Fizz Boutique
• Accessible from Kieth St

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,110

Suggested Prices Based on Cap Rates

Cap Rate 5%

$182,200 $182.2K

Cap Rate 7%

$130,143 $130.1K

Cap Rate 9%

$101,222 $101.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$12.6K $6.00/SF

− Vacancy

−$454 −$0.22/SF

EGI

$12.1K $5.78/SF

− OpEx

−$3.0K −$1.45/SF

NOI

$9.1K $4.34/SF

Area

Pickens County, SC

Vacancy

3.60%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$182,200

Cap Rate 7%

$130,143

Cap Rate 9%

$101,222

Alternative Uses

Best Use

Retail

$291.5K

$255.1K – $340.1K (±1% cap)

NOI $20,406 @ 7.0% cap · market cap 728.79%

Second Best

Specialty Retail

$130.1K

$113.9K – $151.8K (±1% cap)

NOI $9,110 @ 7.0% cap · market cap 325.36%

Theoretical Best

Mixed Use

$310.5K

$271.7K – $362.3K (±1% cap)

NOI $21,735 @ 7.0% cap · market cap 776.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mr. Leak Detection ... Hardware & Home Improvement The Fizz Boutique Clothing & Fashion Store

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Building Supply Garden Center Carpet & Flooring Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

969

Businesses Nearby

139k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 78% Shops & Services 16% Electronics 5%

McDonald's Dining

30,117 visits/mo 0.5 miles

Starbucks Dining

17,427 visits/mo 0.4 miles

Wendy's Dining

13,220 visits/mo 0.5 miles

Dollar Tree Shops & Services

10,022 visits/mo 0.4 miles

Dunkin' Donuts Dining

9,543 visits/mo 0.4 miles

Demographics for 29631, SC

17,291

Population

7,185

Households

2.4

Avg Household Size

27

Median Age

61%

College-Educated

95%

High-School Grad

8.7 sq mi

ZIP Area

1,987

Density / Sq Mi

$50,217

Median Household Income

$15,693

Median Earnings

$954

Median Rent

$361,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Watt Café — 405 S Palmetto Blvd, Clemson, SC 29631
• Starbucks — 116 Sigma Dr, Clemson, SC 29634
• Einstein Bros. Bagels — 720 McMillan Rd, Clemson, SC 29631
• Fresh Food Company — 511 Fort Hill St, Clemson, SC 29634
• Starbucks — 511B Fort Hill St, Clemson, SC 29634

Frequently Asked Questions

What type of property is this?

Coffee shop - Finished commercial space with access from Kieth Street and prior coffee shop use.

Where is this coffee shop located?

The property is located at 382 College Avenue Basement space Clemson, SC.

What are key features of this property?

This property features: Approximately 2100 square feet of finished space; Basement location below The Fizz Boutique; Accessible from Kieth St