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2725 Cleveland St 1,600 SF Retail Building Elloree, SC 29047 $175,000 ($109.38/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic Growing Elloree
- Currently Leased
- Investment Property
EXECUTIVE SUMMARY
Nestled in the heart of historic Elloree, SC, Property presents a fantastic investment opportunity. Currently rented as an event venue, this property generates steady income while offering flexibility for future use. Its historic charm, prime location, and open floor plan allow for endless options. With Elloree’s small-town appeal and growing interest in the area, including its proximity to Lake Marion, this property is perfectly positioned for long-term value. Don’t miss this chance to own a versatile, income-producing property in a growing community!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,200
|
$0.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,200
|
$0.75
|
| Taxes |
$150
|
$0.09
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$150
|
$0.09
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.75 |
| Taxes | |
|---|---|
| Annual | $150 |
| Annual Per SF | $0.09 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $150 |
| Annual Per SF | $0.09 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,600 SF
Building Class
B
Year Built
1930
Price
$175,000
Price Per SF
$109.38
Cap Rate
7.30%
NOI
$12,775
Tenancy
Single
Building Height
1 Story
Building FAR
0.92
Lot Size
0.04 AC
Zoning
Retail - This is CORE COMM in town of Elloree
Frontage
51’ on Cleveland St
AMENITIES
- 24 Hour Access
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0286-05-19-012.000 | Total Assessment | $4,183 |
| Land Assessment | $2,095 | Annual Taxes | $150 ($0.09/SF) |
| Improvements Assessment | $2,088 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0286-05-19-012.000
Land Assessment
$2,095
Improvements Assessment
$2,088
Total Assessment
$4,183
Annual Taxes
$150 ($0.09/SF)
Tax Year
2024
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Presented by
Lake Homes
2725 Cleveland St
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