Rock Hill Mixed-Use
For Sale
$515,000
624 Saluda St, Rock Hill, SC 29730
Renovated mixed-use property in Rock Hill's Saluda Street corridor.
Property Size2,100 SF
Price / SF$245.24
Days on Market232
Property Features for 624 Saluda St
General Information
Standard status
Active
Size
2,100 SF
Building Details
Year Built
1955
Listing Agency:
Goldeneye Realty, LLC
Listed By:
Garrett Rast
(803) 985-7200
Source:
Highperformancerea
Added: Mar 5
Changed: Oct 4
Last Checked: Oct 7 at 3:27PM
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 Goldeneye Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in Rock Hill's Saluda Street corridor. It features 2100 square feet of renovated space. The property is zoned "Mixed Use Corridor" (MUC), which allows for various business applications, including office, personal services, and retail. It offers private parking and convenient access to the downtown area, as well as proximity to multiple I-77 access points. The location on Saluda Street provides visibility. The property is currently occupied.
Key Highlights
- 2100 sq ft of renovated space.
- "Mixed Use Corridor" zoning allows for a variety of business uses (office, retail, personal services, etc.).
- Excellent visibility on Saluda Street.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,398
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,960
$568.0K
Cap Rate 7%
$405,686
$405.7K
Cap Rate 9%
$315,533
$315.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$42.1K $20.04/SF
− Vacancy
−$1.5K −$0.72/SF
EGI
$40.6K $19.32/SF
− OpEx
−$12.2K −$5.80/SF
NOI
$28.4K $13.52/SF
Area
York County, SC
Vacancy
3.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,960
Cap Rate 7%
$405,686
Cap Rate 9%
$315,533
Alternative Uses
Best Use
Retail
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 5.51%
Second Best
Office B
$399.7K
$349.8K – $466.4K
NOI $27,981 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$493.8K
$432.1K – $576.2K
NOI $34,569 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
Explore this area
Business Placement
Demographics for 29730, SC
57,325
Population
26,209
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
89%
High-School Grad
119.4 sq mi
ZIP Area
480
Density / Sq Mi
$63,122
Median Household Income
$39,484
Median Earnings
$1,234
Median Rent
$239,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use property in Rock Hill's Saluda Street corridor.
Where is this mixed-use property located?
The property is located at 624 Saluda St Rock Hill, SC.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2100 sq ft of renovated space.; "Mixed Use Corridor" zoning allows for a variety of business uses (office, retail, personal services, etc.).; Excellent visibility on Saluda Street.
