Property profile

211 Whitner St Anderson, SC 29624

OFF-MARKET
Retail properties & Spaces
4,600 SF
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Property summary

AI-generated overview

This exceptional retail investment opportunity presents a 4,600 square foot multi-tenant storefront located at 211 & 213 W Whitner St, Anderson, SC 29624. Currently 50% occupied, the property offers immediate income generation and significant value-add potential. The left side, approximately 1,800 square feet, is leased to a reliable tenant, MTS Office, under a lease extending to the end of 2024 with a renewal option, generating $1,800 monthly rent. The right side, approximately 2,800 square feet, will be vacant shortly, offering a blank canvas for a new tenant or expansion. This space features a blend of office and retail areas, including a sizable conference room in the rear. The property is situated on a high-visibility corridor, conveniently located near downtown Anderson. With a total asking price of $425,000, this translates to a price per square foot of $92.39, presenting a compelling investment opportunity for savvy buyers seeking a strong return on investment in a thriving South Carolina market. The property's prime location and existing tenancy make it an attractive proposition for both investors and owner-occupiers. The existing tenant's long-term presence demonstrates the property's desirability and potential for sustained rental income. Don't miss this chance to acquire a well-positioned retail property with immediate income and substantial upside.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,600 SF

Cap rate & NOI

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

Location

211 Whitner St Anderson, SC 29624
Anderson metro
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Value estimations

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Owner & transaction history

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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