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3221 Martin Luther King Jr Blvd Anderson, SC 29625

Sponsored
For Sale
$2,471,500

High-growth location, 9,747 SF, 6.31% Cap Rate

Property size:
9,747 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 9,747-square-foot retail storefront at 3221 Martin Luther King Jr. Blvd in Anderson, South Carolina, presents a compelling investment opportunity. Boasting a 6.31% cap rate and a strong NOI of $155,952, this single-tenant property offers significant potential. The building sits on a 0.72-acre lot and benefits from a brand-new 10-year lease with a corporate tenant, ensuring consistent income and minimal landlord responsibilities. Located in a high-growth area along the I-85 corridor in Upstate South Carolina, this outparcel property enjoys exceptional visibility, situated across from Anderson Mall and just off Clemson Boulevard, a major retail artery with 34,000 vehicles per day. Martin Luther King Jr. Boulevard itself sees 14,400 vehicles daily. Rent increases are built into the lease, occurring every five years. The property's prime location and long-term lease make it an ideal addition to any investment portfolio. The asking price is $2,471,500. This is a one-story building with 100% occupancy.

Property Features for 3221 Martin Luther King Jr Blvd

General Information

Property type
Individual retail properties
Square Feet
9,747 SF
Lot Size
31,363 SF

Building Details

Buildings
1
Stories
1

HighLights

  • 9,747 SF retail storefront on a 0.72‑acre lot in Anderson, SC.
  • Strong financials: 6.31% cap rate and $155,952 NOI.
  • Brand new 10‑year lease with a corporate tenant, including rent increases every five years.
  • High‑visibility location: I‑85 corridor, across from Anderson Mall, and near Clemson Boulevard (34,000 VPD).
  • Asking price: $2,471,500.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Anderson
County
Anderson
State
South Carolina
Longitude
-82.6708625
Latitude
34.5423368

FAQs

What type of property is this?
Individual retail property - High-growth location, 9,747 SF, 6.31% Cap Rate
Where is this individual retail property located?
The property is located at 3221 Martin Luther King Jr Blvd Anderson, SC.
What is the asking price?
The asking price for this property is $2,471,500.
What are key features of this property?
This property features: 9,747 SF retail storefront on a 0.72-acre lot in Anderson, SC.; Strong financials: 6.31% cap rate and $155,952 NOI.; Brand new 10-year lease with a corporate tenant, including rent increases every five years.
More about this property
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