201 Church St Anderson, SC 29624-1506
This exceptional 5,391 square foot warehouse, situated on a 0.15-acre corner lot at the prominent intersection of South Murray and West Church Streets in Anderson, South Carolina's historic downtown, presents a unique redevelopment opportunity. The property boasts attractive architectural details and high visibility due to its location at a red light intersection. Its prime location offers easy access to local shopping, medical facilities, and major industries. The warehouse features a spacious, open interior ideal for custom build-outs, complemented by a separate private office area suitable for administrative or retail use. The building's potential uses are diverse, ranging from industrial-chic apartments and retail spaces to restaurants, breweries, or upscale office spaces. A significant advantage is the completion of preliminary work, including obtaining a clean bill of health from the South Carolina Department of Health and Environmental Control (DHEC), ensuring the property is ready for immediate development. Furthermore, the property may be eligible for state and federal tax credits upon restoration, offering substantial financial benefits to developers. This combination of location, potential, and historic charm makes this a rare and compelling investment opportunity in Anderson's thriving downtown area. The asking price is $395,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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