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    Property profile & analytics
    OFF-MARKET Estimated value $855,000
    Retail space

    201 1st Ave, Easley, SC 29640-3038

    6,258 SF Built 1987
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US77-0560840
    Property summary
    AI-generated overview

    This exceptional Class A office building, located at 201 E 1st Ave in Downtown Easley, SC 29640, presents a compelling investment or owner-user opportunity. The 6,258 square foot building, constructed in 2007, sits on a 1.033-acre lot and is zoned for Core Commercial use. Currently configured as a medical and traditional office space, the building features two stories, with 3,749 square feet available on the ground floor. The interior boasts 10 offices and multiple conference rooms, complemented by ample on-site parking. Recent interior and exterior renovations enhance the property's appeal. The asking price is $1,200,000, translating to $191.75 per square foot. The Net Operating Income (NOI) stands at $37,635. This property is a Triple Net (NNN) lease. Its strategic location in the thriving Downtown Easley area offers excellent visibility and accessibility, making it ideal for a variety of businesses. The surrounding area demonstrates strong demographic indicators, including favorable household income and population density within a 1, 3, and 5-mile radius. This presents a rare chance to acquire a well-maintained, high-quality office building in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1987
    Construction FRAME
    Total area 6,258 SF
    Zoning code CORE COMMERCIAL DIST
    APN 5019-16-93-5956
    UPID US77-0560840
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SunTrust ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $730k
    CAP Approach CAP
    $935k
    Comparable Approach Comparable
    $753k
    Blend (final) Blend
    $855k
    Owner & transaction history
    Advanced Truck Parts LLC · 3 yrs held
    Advanced Truck Parts LLC
    since 2022
    Last sale
    $950,000
    1 recorded transaction
    2022
    $565,000
    Zoning & alternative use
    CORE COMMERCIAL DIST · Easley, SC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $1.2M +77.9%
    Medical building $1.1M +70.0%
    Office building $780,000 +17.3%
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