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106 Mayrant St 2,590 SF Office Building Summerville, SC 29483 $600,000 ($231.66/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Prime Commercial Property with Retail & Residential Flexibility
This versatile property offers a unique opportunity for both retail and residential use. Ideally suited for establishments selling consumer goods in small quantities, it can accommodate a variety of retail businesses, including department stores, general merchandise outlets, and specialty shops. The property is fully leased, single tenant, religious services.
Back on market, buyer could not qualify as borrower on DSCR.
No issues were found on inspection or appraisal.
New roof to satisfy lender, only due to age of roof.
This versatile property offers a unique opportunity for both retail and residential use. Ideally suited for establishments selling consumer goods in small quantities, it can accommodate a variety of retail businesses, including department stores, general merchandise outlets, and specialty shops. The property is fully leased, single tenant, religious services.
Back on market, buyer could not qualify as borrower on DSCR.
No issues were found on inspection or appraisal.
New roof to satisfy lender, only due to age of roof.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$38,384
|
$14.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$38,384
|
$14.82
|
| Taxes |
$6,690
|
$2.58
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,690
|
$2.58
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $38,384 |
| Annual Per SF | $14.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $38,384 |
| Annual Per SF | $14.82 |
| Taxes | |
|---|---|
| Annual | $6,690 |
| Annual Per SF | $2.58 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,690 |
| Annual Per SF | $2.58 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,590 SF
Building Class
C
Year Built
1986
Price
$600,000
Price Per SF
$231.66
Cap Rate
7%
NOI
$42,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,590 SF
Building FAR
0.06
Lot Size
1.07 AC
Zoning
OI DC - Office-Institutional and Downtown Core
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sacred Heart Ministries
- Services
- 2,590 SF
- $14.82
- Triple Net
- Jun 2026
- Windshield Specialists LLC
- Services
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sacred Heart Ministries | Services | 2,590 SF | $14.82 | Triple Net | Jun 2026 | |
| Windshield Specialists LLC | Services | - | - | - | - |
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106 Mayrant St
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