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Mixed Use Investment Downtown Laurens 111 W Public Sq 4,600 SF 100% Leased Retail Building Laurens, SC 29360 $375,000 ($81.52/SF) 7.36% Cap Rate
Investment Highlights
- Mixed-use income property: Two occupied upstairs apartments(2/1 & 1/1) bringing in ±$18,600/year, plus a retail storefront ±2,300?sq?ft)
- Hard-corner location: Exceptionally rare in Laurens’ historic downtown square, maximizing visibility and foot traffic
- Renovated retail facade: Beautiful upgrades already in place, with additional improvements welcomed to elevate value further
- Value-add upside: Rents are well below market, ideal for a future bump through remodeling or modernization
- Enchanting ambiance: Adjacent alleyway with brick pavers and string lights offers unique charm and allure after dark
Executive Summary
Reedy River Retail at SVN | Palmetto is pleased to present a rare investment opportunity on a hard corner within Laurens' Historic Square! This classic all-brick, mixed-use property features two fully leased residential units above and ±2,300?sq?ft of ground-floor retail space. The upstairs apartments generate ±$18,600 annually with below-market rents and clear upside to renovate and re-rent at local market rates. The retail base has already received a tasteful renovation and new facade, yet still offers further value-add potential. Adjacent, a charming alleyway with brick pavers and overhead string lights enhances curb appeal and transforms this into a true beauty at night. Perfect for an investor seeking steady income or an owner-operator looking to offset costs with multiple rental income streams.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,600 SF
Building Class
C
Year Built/Renovated
1922/2023
Price
$375,000
Price Per SF
$81.52
Cap Rate
7.36%
NOI
$27,587
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.76
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
CO - Core Commercial District
Parking
4 Spaces (0.8 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- The Artist's Coop
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| The Artist's Coop | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 906-11-08-010 | Total Assessment | $600 |
| Land Assessment | $180 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $420 | Tax Year | 2024 Payable 2024 |
Property Taxes
Parcel Number
906-11-08-010
Land Assessment
$180
Improvements Assessment
$420
Total Assessment
$600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
1 of 4
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Photos
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Street
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Mixed Use Investment Downtown Laurens | 111 W Public Sq
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