Prime Corner Commercial
602 N Main St, Anderson, SC 29621
High-visibility commercial space in Anderson, SC, suitable for various businesses.
Type:Office
Property size:
3,653 SFLot size:
0.70 AcresPrice / SF:
$383/SF- Added:
- Oct 2, 2024
- Days on Market:
- 607
- Last Refresh:
- May 13 at 8:02 pm
Property Features for 602 N Main St
General Information
- Standard status
- Active
- Size
- 3,653 SF
- Lot size
- 0.70 Acres
- Property subtype
- Office
Listing agent Jackson Williamson License #SC
Listing office McCoy Wright Commercial Real Estate
Listing date Oct 2, 2024
Source Crexi
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 McCoy Wright Commercial Real Estate
HighLights
- Prime location on a high‑visibility corner lot (.7 acres) at a busy intersection in the heart of Anderson, SC.
- Class A office space with +/-3,653 SF offering versatile business possibilities.
- Excellent traffic exposure due to corner positioning at a red light, maximizing visibility and foot traffic.
- Opportunity to establish a presence in one of Anderson's most prominent Commercial Districts.
- Formerly home to First Citizens Bank, indicating a well‑established and reputable location.
- Suitable for established enterprises or growing companies looking to capitalize on a prime location.
Overview
Located at 602 North Main St in Anderson, SC, this property, formerly a First Citizens Bank, offers a prime commercial opportunity. Situated on a 0.7-acre lot at the intersection of North Main and East Greenville St, this +/-3,653 SF Class A office space benefits from a high-visibility corner location. The property's positioning at a busy intersection with a red light ensures excellent traffic exposure, making it suitable for businesses seeking to maximize visibility and foot traffic. The versatile space is ideal for a wide range of business possibilities, from medical offices to professional services, retail, or corporate headquarters. Note that there is a 5-year deed restriction prohibiting its use as a Financial Institution.
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 | $109.6k | $30.00 |
| − Vacancy | −$3.9k | −$1.08 |
| EGI | $105.6k | $28.92 |
| − OpEx | −$31.7k | −$8.68 |
| NOI | $74.0k | $20.24 |
3,653 SF · lease $30.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$924.4K – $1.23M
NOI $73,951 @ 7.0% cap · market cap 5.28%
Second Best
Office B
$859.1K
$751.7K – $1.00M
NOI $60,134 @ 7.0% cap · market cap 4.30%
Theoretical Best
Multifamily LT 5
$39.55M
$34.61M – $46.14M
NOI $2,768,618 @ 7.0% cap · market cap 197.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Entegra Bank
Bank
Blake Williamson
Loan Service
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.6509748
- Latitude
- 34.5087463
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - High-visibility commercial space in Anderson, SC, suitable for various businesses.
Where is this office building located?
The property is located at 602 N Main St Anderson, SC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location on a high‑visibility corner lot (.7 acres) at a busy intersection in the heart of Anderson, SC.; Class A office space with +/-3,653 SF offering versatile business possibilities.; Excellent traffic exposure due to corner positioning at a red light, maximizing visibility and foot traffic.
