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906-946 Chesterfield Hwy 27,000 SF Vacant Retail Building Cheraw, SC 29520 $699,500 ($25.91/SF) 11.07% Cap Rate

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Investment Highlights

Ample parking.

Executive Summary

Presenting an investment opportunity with a current cap rate of around 7.6%, this property offers steady income with potential for increased returns. 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

Building Size

27,000 SF

Building Class

Year Built

1960

Price

$699,500

Price Per SF

$25.91

Cap Rate

11.07%

NOI

$77,400

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

690’ on Chesterfield Hwy

Signalized Intersection

Space Availability

Space
Size
Space Use
Position
Available

1st Floor
6,000 SF
Retail
-
Now

This well-located commercial property in Cheraw, South Carolina offers excellent visibility and access along Chesterfield Highway, featuring ±1,350 feet of road frontage and exposure to approximately 11,600 vehicles per day. The site benefits from a signaled intersection, ample on-site parking, and strong signage opportunities. An open floor plan provides flexibility for a variety of commercial users. Conveniently located approximately 45 minutes from Florence and I-95, the property is well suited for retail, service, or professional users seeking strong traffic exposure.