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906-946 Chesterfield Hwy
Cheraw, SC 29520
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Ample parking.
EXECUTIVE SUMMARY
Presenting an investment opportunity with a current cap rate of 6.9%, this property offers steady income with potential for increased returns. With one vacancy currently, the cap rate could rise to approximately 8.6% with another leased tenant, presenting an opportunity for enhanced cash flow. It's worth noting that all current rents have remained stable for years with room to increase, providing a reliable income stream. Don't miss out on the potential for growing returns in this investment opportunity. Recent improvements: Installed a new 10 ton Heat pump on Razel Rentals, new heat pump on County Kitchen as well as re-seal the roof, new heat pump on Molisa Nails and Studio. In the process of having the front canopy painted and replacing parking lot lights.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
27,000 SF
Building Class
C
Year Built
1960
Price
$750,000
Price Per SF
$27.78
Cap Rate
7.91%
NOI
$59,330
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.11
Lot Size
5.79 AC
Opportunity Zone
Yes
Parking
260 Spaces (9.63 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $76,250 | |
| Land Assessment | $27,100 | Total Assessment | $103,350 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$27,100
Improvements Assessment
$76,250
Total Assessment
$103,350
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