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    Fully Occupied Retail Center Title is generated by Realmo AI

    823-817 S Cashua Drive, Florence, SC 29501

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    For Sale
    $1,650,000

    COMMERCIAL/INDUSTRIAL - Florence, SC

    Type:Retail
    Property size:
    15,450 SF
    Price / SF:
    $106/SF
    Added:
    May 20, 2026
    Days on Market:
    49
    Last Refresh:
    Jul 7 at 4:06 am

    Property Features for 823-817 S Cashua Drive

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active

    Building Details

    Floors in Building
    1

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    Contact an agent
    Chris Barnette

    Listing agent Chris Barnette

    Listing office Southern Shores Real Estate Group 1122 Lady Street Ste 223, Chapin, SC

    Listing date May 20, 2026

    MLS# 634590

    Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully occupied retail center across the street from Walmart Neighborhood Market
    • Two connected buildings: 817 S. Cashua (7,450 SF) and 823 S. Cashua (8,000 SF)
    • Both buildings are in good condition and serve a high traffic count

    Overview

    This offering features a fully occupied retail center comprising two connected buildings: 817 S. Cashua (7,450 SF) and 823 S. Cashua (8,000 SF). Both buildings are reported to be in good condition, supporting continued retail operations under an existing tenancy.

    The center is located across the street from Walmart Neighborhood Market in Florence, South Carolina, with public remarks indicating high traffic count. The address for the property is 823-817 S Cashua Drive, Florence, SC 29501.

    For buyers seeking an established retail asset with current occupancy, the configuration of two linked structures provides flexibility in retail layout and leasing approach while maintaining a cohesive property footprint. The fact that the center is fully occupied and both buildings are stated to be in good condition may simplify near-term operational planning for a new owner, subject to standard due diligence on leases and financials.

    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 $176.1k $11.40
    − Vacancy −$18.0k −$1.16
    EGI $158.2k $10.24
    − OpEx −$47.4k −$3.07
    NOI $110.7k $7.17
    15,450 SF · lease $11.40/SF/yr · vacancy 10.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.58M
    $1.38M – $1.85M (±1% cap)
    NOI $110,715 @ 7.0% cap · market cap 6.71%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.28M
    $1.99M – $2.66M (±1% cap)
    NOI $159,444 @ 7.0% cap · market cap 9.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Law Firm Hotel & Motel Kitchen & Bath Showroom Discount Store Travel Agency Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Bed & Breakfast Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bargain Ben's Treasure Den — 919 S Cashua Dr, Florence, SC 29501
    • TheLKCollections — 2201 2nd Loop Rd, Florence, SC 29501

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.813239
    Latitude
    34.174725

    FAQs

    What type of property is this?
    Shopping center - Two connected retail buildings across from Walmart Neighborhood Market, already fully occupied and maintained in good condition.
    Where is this shopping center located?
    The property is located at 823-817 S Cashua Drive Florence, SC.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Fully occupied retail center across the street from Walmart Neighborhood Market; Two connected buildings: 817 S. Cashua (7,450 SF) and 823 S. Cashua (8,000 SF); Both buildings are in good condition and serve a high traffic count
    More about this property
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