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516 Pearman Dairy Rd 9,500 SF 100% Leased Retail Building Anderson, SC 29625 $849,000 ($89.37/SF) 7.85% Cap Rate



Executive Summary
An exceptional investment opportunity with a 9,500 sq ft building on bustling Pearman Dairy Road, which has a daily traffic count of 26000 vehicles. 75% leased. This highly visible property is located just blocks from Westside High School, providing strong local exposure. Formerly home to a glass company, the entire building has been modernized with 3-phase power, two 5-ton HVAC units, LED lighting, and two firewalls Flexible Layout for Multi-Use Tenants: Includes both warehouse and office spaces for potential rental income. Front shop space has convenient access from the front or side with a roll-up door. Back Warehouse (4,200 sq ft): Currently leased thru March 31,2026 generating $2,155 per month. Features 14'9" ceilings, two roll-up doors, two entry doors, bathroom, sink, and three gas heaters. Store front and 1st warehouse are currently leased until 3/31/2027 for $3,400.00 per month. Storefront on Getsinger Road (528 sq ft) featuring new carpet, fresh paint, separate entrance, and alarm system. Office Space (251 sq ft): Perfect for a solo professional or small team, includes a bathroom and ample space for several workstations. This space is not currently leased. 19 dedicated parking spaces. Ideal for a variety of commercial uses with great potential for additional revenue streams. Don't miss out on this versatile, income-generating property in a prime location!
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,500 SF
Building Class
C
Year Built
1982
Price
$849,000
Price Per SF
$89.37
Cap Rate
7.85%
NOI
$66,660
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.44 AC
Opportunity Zone
Yes
Parking
19 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 123-03-01-014 | Improvements Assessment | $5,590 |
| Land Assessment | $5,810 | Total Assessment | $11,400 |
Property Taxes
Parcel Number
123-03-01-014
Land Assessment
$5,810
Improvements Assessment
$5,590
Total Assessment
$11,400
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516 Pearman Dairy Rd
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