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    114 Gay St Lancaster, SC 29720

    For Lease
    $15 SF/Yr

    Prime Lancaster SC location, flexible spaces.

    Lot size:
    3,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 114 E Gay St in Downtown Lancaster, SC 29720, presents a unique opportunity for businesses seeking flexible and move-in-ready spaces. The property offers a range of units, each between 1,520 and 1,840 square feet (official measurements forthcoming), ideal for various uses including traditional office, executive office, medical office, creative office, coworking, salons, and spas. Multiple tenancy options are available. Situated in a rapidly growing area projected to see a 25% population increase over the next 15 years, this location benefits from significant recent population growth (12.7% from 2020-2023, the highest among seven surrounding counties). Lease rates start at $1,900 per month. An attractive incentive is offered: sign a lease before January 1, 2025, and receive up to two months of free rent (certain restrictions apply). The property is designed to accommodate diverse business needs and is ready for immediate occupancy. Don't miss this chance to establish or expand your business in this vibrant and thriving community.

    Property Features for 114 Gay St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,360 SF

    Unit(s) available at that property

    Space
    Unit 116
    Size
    1,840 SF
    Rate per SF
    $15
    Space
    Unit 114
    Size
    1,520 SF
    Rate per SF
    $15

    HighLights

    • Two units available, 1,520‑1,840 square feet each, suitable for various uses including office, medical, and retail.
    • Units available for immediate occupancy; ideal for 2‑4 tenants.
    • High‑growth area: 12.7% population increase 2020‑2023, projected 25% increase over next 15 years, fueled by planned 2,500 new homes.
    • Proximity to 55+ communities provides a strong customer base.
    • Located 8 minutes from Lancaster Golf Club and 6 minutes from University of South Carolina Lancaster.
    • Close to Lancaster Cultural Arts District, Lancaster Square Shopping Center, and other amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.769257432734
    Latitude
    34.719194081101

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    FAQs

    What type of property is this?
    Coworking space - Prime Lancaster SC location, flexible spaces.
    Where is this coworking space located?
    The property is located at 114 Gay St Lancaster, SC.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Two units available, 1,520-1,840 square feet each, suitable for various uses including office, medical, and retail.; Units available for immediate occupancy; ideal for 2-4 tenants.; High-growth area: 12.7% population increase 2020-2023, projected 25% increase over next 15 years, fueled by planned 2,500 new homes.
    Request Owner's contact information
    114 Gay St Lancaster, SC 29720
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    Lancaster, SC 29720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Gay St Lancaster, SC 29720
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