220 Main St Salem, SC 29676-2825
This exceptional 5.49-acre commercial property at 220 W Main Street, Salem, SC, presents a lucrative investment opportunity. Currently operating as a thriving storage facility, this turn-key business boasts over 50 boat and RV storage spaces, numerous covered car spaces, and more than 2100 square feet of indoor storage. The property's strategic location just off Highway 11, minutes from the recreational attractions of Lake Jocassee and Lake Keowee, ensures high demand and consistent occupancy. Security features include a new electronic entry gate, an 8-foot tall security fence, and ample space for future expansion. The existing infrastructure provides a solid foundation for immediate revenue generation, while the expansive lot allows for significant growth potential. This is a rare opportunity to acquire a well-established, high-performing business with substantial room for development in a desirable location. The property's proximity to popular lakes makes it ideal for seasonal and year-round renters. The motivated seller is eager to finalize a transaction, making this an attractive proposition for discerning investors seeking a profitable venture in a thriving market. The property is zoned for commercial/special purpose use. The asking price is $399,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.