785 Bleakley StOrangeburg, SC 29115

Property Details for 785 Bleakley St

Year built

1975

Lot size

1.00 AC

Property size (Sq ft)

5,769 SF

Property type

Hospitality properties

Property subtype

Retirement homes

Description

This exceptional 1-acre property in Orangeburg, South Carolina, presents a compelling redevelopment opportunity. Currently operating as a neighborhood grocery store with a consistent high-revenue history since 2006, this established business boasts a diverse clientele drawn from surrounding residential areas and a nearby mobile home park. The 5,769 square foot main building, featuring newer coolers and updated tile flooring (installed within the past three years), offers a variety of services including groceries, meats, lottery tickets, and money transfers. A new roof was installed in 2019. A separate 200+ square foot storage building with five roll-up doors adds significant versatility. The property includes 30 parking spaces and is zoned RG, permitting multiple uses, including retail, residential, and a laundromat—a service highly sought after in the immediate vicinity. The asking price is $419,000, representing a 7.98% cap rate with a net operating income (NOI) of $33,426. The property's location less than a mile east of downtown Orangeburg, within an Opportunity Zone, and its proximity to a thriving community with strong healthcare, universities, and a technical college, makes this a prime investment. The sale includes the real estate

Location Insight

City

Orangeburg

County

Orangeburg

State

South Carolina

Latitude

33.4861

Longitude

-80.8448

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