201 1st Ave Easley, SC 29640-3038
- Retail space
- 6,258 SF
Current Use by Public Records
- SunTrust ATM / Atm
Property Details for 201 1st Ave
- Year built
- 1987
- Construction
- FRAME
- Property size
- 6,258 SF
- Zone code
- CORE COMMERCIAL DIST
- Property type
- Retail space
- APN
- 5019-16-93-5956
- APU
- 501916935956
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $810,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $940,000
- 6.5%
- $1,070,000
- 7%
- $970,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $965,000
- Geo Method
- $910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $810,000
- Retail
- $1,000,000
- Mixed-Use
- $995,000
- Hospitality
- $790,000
- Educational
- $890,000
- Residential Income
- $1,090,000
- Energy
- $795,000
- Income-Based Land
- $1,110,000
- Food Service
- $1,085,000
Location Insight
- Map
- Local Demand
- City
- Easley
- County
- Pickens
- State
- South Carolina
- Longitude
- -82.6009
- Latitude
- 34.8297
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA