Entity Owned Property summary
This exceptional 4,140 square foot, two-story mixed-use building, located at 303 E Main St in Pickens, South Carolina, presents a unique redevelopment opportunity. Currently zoned commercial, this Class B property boasts a rich history, having been built in 1940 and renovated in 2012. The building features two units across its two stories, offering versatile space ideal for a variety of uses. Envision a vibrant retail or restaurant space on the ground floor, complemented by apartments or office space upstairs. The asking price is $350,000, translating to $84.54 per square foot. With a net rentable area of 4,140 square feet, this property offers significant potential for return on investment. The property is currently occupied, but the tenant will vacate by the end of 2024, allowing for immediate redevelopment plans to commence. The anticipated occupancy date for new tenants is January 1, 2025. Located in the heart of downtown Pickens, this property benefits from its prime location and potential access to city tax incentives. The property's APN is 4181-16-84-1321. This is a chance to shape the future of downtown Pickens and create a thriving commercial space. Don't miss this chance to acquire a piece of Pickens' history and revitalize it for the future.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Sec. 406. - CBD, Central Business District. 406.1. Purpose and intent. In order to preserve vibrancy and activity along the CBD's street frontages and limit uses that do not operate on a daily basis and add to the street…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CBD · Pickens, SCSec. 406. - CBD, Central Business District. 406.1. Purpose and intent. In order to preserve vibrancy and activity along the CBD's street frontages and limit uses that do not operate on a daily basis and add to the street…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Sec. 406. - CBD, Central Business District. 406.1. Purpose and intent. In order to preserve vibrancy and activity along the CBD's street frontages and limit uses that do not operate on a daily basis and add to the street…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Pickens, SC.
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