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Property profile & analytics
OFF-MARKET Estimated value $1,920,000
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
$1.92M
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
Source code of ordinances
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