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229 S Main St
Lancaster, SC 29720
Retail Property For Sale
Investment Highlights
- 15,266 SF historic building located within Lancaster’s downtown commercial district.
- High consumer activity with 56,000+ residents within 10 miles and $641M in annual spending.
- No zoning restrictions, allowing flexible adaptive reuse or redevelopment strategies.
- Eligible for Bailey Bill incentives offering a 20-year property tax freeze on qualified improvements.
- Significant growth outlook with low vacancy and upward rent trends in Lancaster County.
Executive Summary
The property at 229 S. Main Street in Lancaster, South Carolina, is a 15,266-square-foot commercial building built in 1930. It is situated in the historic district of downtown Lancaster with access to Highway 521 and Highway 9. The parcel includes two stories and fronts S. Main Street with an average traffic count near 6,807 vehicles per day. The surrounding area has experienced population growth with continued projections for expansion. The building is currently vacant, offering potential for rehabilitation or redevelopment. It qualifies for Bailey Bill tax programs applicable to historic properties, and there are no zoning or land use restrictions referenced in the brochure.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
15,266 SF
Building Class
C
Year Built
1936
Price
$275,000
Price Per SF
$18.01
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
CITY : City of Lancaster
Frontage
65’ on MAIN ST
Property Taxes
| Parcel Number | 0068P-0Y-010.00 | Improvements Assessment | $3,300 |
| Land Assessment | $1,950 | Total Assessment | $5,250 |
Property Taxes
Parcel Number
0068P-0Y-010.00
Land Assessment
$1,950
Improvements Assessment
$3,300
Total Assessment
$5,250
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