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100 Monroe Hwy Lancaster, SC 29720

Banks Google Maps
3,795 SF 1.06 ac lot Built 1977
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US77-2161243

Property summary

AI-generated overview

This exceptional single-tenant retail/office property, located at 100 Monroe Highway (SC Hwy 200) in Lancaster, South Carolina, offers 2,322 square feet of versatile space. Built in 1977 and renovated in 2000, the building sits on a 1.06-acre lot and boasts 37 parking spaces. The property's convenient location at the highly trafficked intersection of US Hwy 521 and SC Hwy 9 Bypass provides excellent visibility and accessibility. Its strategic placement directly across from Lancaster Square, a well-known shopping center anchored by Belk, Food Lion, and Kimbrell's, ensures high foot traffic and brand recognition opportunities. The property is currently vacant, presenting a unique opportunity for immediate occupancy. The building is a single-story structure with no elevators. The zoning is designated as NCOM. The property's address is 100 Monroe Highway, Lancaster, SC 29720, with a cross street of North Main Street (US 521). The APN is 068H-0A-026.02. This property is ideal for a variety of retail or office uses and presents a compelling investment opportunity in a thriving Lancaster submarket.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,795 SF
Lot 1.06 ac (46,174 SF)
Zoning code CITY
APN 0068H-0A-026.02
UPID US77-2161243

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

Zoning & alternative use

CITY · Lancaster, SC

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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