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1022 Chestnut St Specialty Building Offered at $562,700 at a 8% Cap Rate in Orangeburg, SC 29115
Executive Summary
A proposed indoor self-storage facility redevelopment opportunity is currently being offered with this existing five tenant Spanish architecture style CBS retail building located at one of the highest traffic counts in Orangeburg County, SC. The property currently operates as a profitable retail plaza having short term leases and can be bought ‘as is’ with a 8% cap pending the renovation.
The property is an out-parcel to the popular Chestnut Square center which has a mix of national & local tenants. The site is in the city’s primary population area near county government facilities and two universities are a short walk. Indoor air conditioned storage is almost non-existent in this space needy neighborhood.
The property is an out-parcel to the popular Chestnut Square center which has a mix of national & local tenants. The site is in the city’s primary population area near county government facilities and two universities are a short walk. Indoor air conditioned storage is almost non-existent in this space needy neighborhood.
Property Facts
| Price | $562,700 | Property Type | Specialty |
| Price Per SF | $61.65 | Building Size | 9,128 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8% | Year Built | 2000 |
| Sale Condition | Redevelopment Project |
| Price | $562,700 |
| Price Per SF | $61.65 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Building Size | 9,128 SF |
| No. Stories | 1 |
| Year Built | 2000 |
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Property Taxes
| Parcel Number | 0174-18-02-012.000 | Improvements Assessment | $15,115 |
| Land Assessment | $7,135 | Total Assessment | $22,250 |
Property Taxes
Parcel Number
0174-18-02-012.000
Land Assessment
$7,135
Improvements Assessment
$15,115
Total Assessment
$22,250
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Land Tract Realty & Development
1022 Chestnut St
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