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Property profile

785 Bleakley St Orangeburg, SC 29115

OFF-MARKET
Retirement homes
5,769 SF 1 ac lot Built 1975
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Property summary

AI-generated overview

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

Property profile

Verified
Property type Retirement homes
Year built 1975
Total area 5,769 SF
Lot 1 ac (43,560 SF)

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
  • Specialty Food Shop Supermarket
  • Atm

Location

785 Bleakley St Orangeburg, SC 29115
Orangeburg metro
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Value estimations

Realmo proprietary · 4 methods
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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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