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Retail Strip Center
New
For Sale
$699,500

908 Chesterfield Highway, Cheraw, SC 29520

Heat pump replacements and roof work have improved several tenant spaces.

Property SizeContact for details
Days on Market3

Property Features for 908 Chesterfield Highway

General Information

Standard status Active
Property subtype Commercial

Additional Details

Cap Rate 7.6%
Tenant in Place Yes

Building Details

Year Built 1970
Listing Agency: Keller Williams Select
Listed By: Jay Ross · License #81033
Source: Geoffcampbell
Added: Oct 23 Last Checked: Oct 23 at 3:12PM

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 Keller Williams Select

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Investment Insights

Based on property information with market context.

This retail strip center was built in 1970 and has a reported cap rate of approximately 7.6%. Heat pumps were replaced at Razel Rentals, County Kitchen, and Molisa Nails and Studio, and the roof was resealed. Painting of the front canopy and replacement of parking lot lights are underway.

The property is located at 908 Chesterfield Highway in Cheraw, South Carolina. Rents have remained stable for several years, according to the property information.

Key Highlights

  • Approximately 7.6% cap rate
  • Built in 1970
  • Heat pump replacements at Razel Rentals, County Kitchen, and Molisa Nails and Studio

Property Analytics

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Open Analytics

Current Use

The Country Kitchen Buffet Restaurant

Suggested Use

Top Pick Building Supply Electrical Service Big Box & Wholesale Store Storage Facility Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

249
Businesses Nearby
64k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 48% Shops & Services 42% Apparel 8% Electronics 1%
Wendy's Dining
12,276 visits/mo 0.1 miles
Bojangles' Famous Chicken 'n Biscuits Dining
11,036 visits/mo 0.0 miles
Murphy USA Shops & Services
10,633 visits/mo 0.5 miles
Dollar Tree Shops & Services
8,614 visits/mo 0.4 miles
Burger King Dining
7,145 visits/mo 0.4 miles

Demographics for 29520, SC

13,046
Population
6,554
Households
2
Avg Household Size
45
Median Age
16%
College-Educated
85%
High-School Grad
131.9 sq mi
ZIP Area
99
Density / Sq Mi
$41,786
Median Household Income
$35,153
Median Earnings
$805
Median Rent
$98,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Strip mall - Heat pump replacements and roof work have improved several tenant spaces.
Where is this strip mall located?
The property is located at 908 Chesterfield Highway Cheraw, SC.
What is the asking price?
The asking price for this property is $699,500.
What are key features of this property?
This property features: Approximately 7.6% cap rate; Built in 1970; Heat pump replacements at Razel Rentals, County Kitchen, and Molisa Nails and Studio
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