Seneca Commercial Building For
518 W N 1st Street Seneca, SC 29678
518 W N 1st Street, Seneca, SC, 29678
$1,695,000
For Sale
$1,695,000
SINGLE_FAMILY - Seneca, SC
Property Size8,000 SF
Lot Size1.01 Acres
Price / SF$211.88
Days on Market191
Property Features for 518 W N 1st Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 520-27-01-005
- Size
- 8,000 SF
- Lot size
- 1.01 Acres
Building Details
- Year built
- 1961
- Floors in Building
- 1
Listing Agency
Western Upstate Keller William
(864) 225-8006
4107 Liberty Hwy, Anderson, SC
Listed by
Tommy Stevenson · License #50655
(864) 386-6298
Added: Jan 7 Checked: Jul 17 at 7:06 pm
MLS# 20296085
Copyright © 2026 Western Upstate Association of REALTORS®. 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 all-brick and concrete building is located in Seneca, South Carolina, on a busy road in a growing area of the Western Upstate. The building currently has two tenants occupying approximately 8,000 square feet, leaving over 7,000 square feet available for another tenant or owner occupancy. Constructed like a warehouse, the building features 16-foot ceilings and no load-bearing walls, offering flexibility for accommodating additional tenants or for self-occupancy. The property is situated on a 1.01-acre lot.
Key Highlights
- High‑traffic location in a growing area of Seneca, SC.
- All brick/concrete building construction.
- Existing tenants occupy approximately 8000 sqft, providing immediate income.
Local 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 | $144.0k | $18.00 |
| − Vacancy | −$5.2k | −$0.65 |
| EGI | $138.8k | $17.35 |
| − OpEx | −$41.6k | −$5.21 |
| NOI | $97.2k | $12.15 |
8,000 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,171 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,575 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - All brick/concrete building in Seneca, SC with tenant income.
Where is this retail space located?
The property is located at 518 W N 1st Street Seneca, SC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: High‑traffic location in a growing area of Seneca, SC.; All brick/concrete building construction.; Existing tenants occupy approximately 8000 sqft, providing immediate income.
