Property profile

401 Main St Anderson, SC 29621

OFF-MARKET
Specialty properties
Property ID
US77-0928035
15,055 SF 0.44 ac lot Built 1908
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, "The Post," is a beautifully renovated 1908 building located at 401 N Main St, Anderson, SC 29621. The property consists of a single building situated on a 0.46-acre lot, totaling 12,000 square feet. Currently, one suite is available, offering approximately 3,123 square feet of ground-level retail space with direct access from Federal Street. A significant advantage is the exclusive use of an adjacent covered patio, adding approximately 1,615 square feet of outdoor space. This prime location places the property within easy walking distance of Main Street, making it highly visible and accessible to customers. The building underwent a complete renovation in 2023, offering a warm shell delivery ready for tenant build-out. Funding for tenant improvements (TIA) is available, providing an opportunity for collaboration in the space's customization. Ideal for a restaurant, cafe, or brew pub, this property presents a unique chance to establish a thriving business in a vibrant, historic setting. The property's location in Anderson, South Carolina, offers excellent visibility and accessibility.

Property profile

Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1908
Total area 15,055 SF
Lot 0.44 ac (19,200 SF)
APN 123-29-03-004
UPID US77-0928035

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Credit Union
  • Real Estate Agency
  • City Government Office
  • City Tax Office
  • City Hall

Location

401 Main St Anderson, SC 29621-5614
Anderson metro Census 12300 GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$895k

Owner & transaction history

since 2021
Last sale
$900,000
5 recorded transactions
2021
$900,000
2019
$625,000
2013
Price N/A
2007
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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