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    Property profile & analytics
    OFF-MARKET Estimated value $1,935,000
    Drug stores

    201 Main St, Lancaster, SC 29720-2178

    11,680 SF 492 ac lot Built 2000
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US77-1361220
    Property summary
    AI-generated overview

    This exceptional mixed-use investment opportunity encompasses four buildings totaling 96,454 square feet of net rentable space in Lancaster, South Carolina's vibrant historic district. Located at 201 S Main St, and encompassing addresses 209-213 S. Main Street, 215-227 S. Main Street, 229 S. Main Street, and 116 Arch Street, this portfolio presents a unique chance to acquire a substantial property with significant redevelopment potential. The buildings, constructed between 1905 and 1949, are situated on a 2.76-acre lot and are zoned B-1, allowing for a variety of uses including creative office, restaurant, and storefront spaces. The property is currently offered for sale at $2,875,000. Individual building sale prices are available upon request. The buildings are in need of renovation, presenting a blank canvas for a creative investor to envision and execute a revitalization project. This prime location offers high visibility and access to the bustling downtown area, promising strong returns on investment for the right buyer. The two-story structures offer a unique blend of historic charm and modern adaptability, making them ideal for a variety of commercial and potentially residential uses. This is a rare opportunity to acquire a significant piece of Lancaster's rich history and shape its future. The property's size and location make it an attractive proposition for developers and investors seeking a substantial project with considerable upside.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 2000
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 11,680 SF
    Lot 492 ac (21,431,520 SF)
    Zoning code CITY
    APN 0068P-0E-002.00
    UPID US77-1361220
    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
    • higi Physician
    • CDReload - Online Bitcoin ATM Crypto Atm Atm
    • Vincent P. Jones, PharmD Pharmacy
    • Family Dollar Discount Store
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.72M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.25M
    Blend (final) Blend
    $1.94M
    Owner & transaction history
    Agree Limited Partnership · 3 yrs held
    Agree Limited Partnership
    since 2022
    Last sale
    $2.1M
    5 recorded transactions
    2022
    $2.1M
    2022
    $1.4M
    2015
    $2.5M
    2006
    $3.4M
    2004
    $3.0M
    Zoning & alternative use
    CITY · Lancaster, SC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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