708 Whitehall Road, Anderson, SC 29625
MLS# 20249920
Anderson, SC 29625
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/ASqFt
- N/AYear Built
- 0.00Acres
- MLS# 20249920
- Commercial/industrial
- Retail Building
- Sold
- Approx Time on Market3 months, 9 days
- Area105-Anderson County,sc
- CountyAnderson
- SubdivisionN/A
Overview
Offered for sale for the first time since being built, 708 Whitehall Rd. is a fantastic piece of income producing commercial real estate on a highly traveled commercial corridor. Fully leased to 4 tenants, the fully sprinkled 17,800 sq ft building is in great condition. The current Net Operating Income is almost $88,000/year. Plenty of parking, great road presence, quality tenants, and a versatile building contribute to this buildings value proposition. Current tenants include BSN Sports (a national sports equipment retailer occupying 12,600 sq ft), a hair salon, antiques shop, and trophy shop. Current rents are well below market value offering the new owner a significant chance to add value to the property. Asking price for 708 Whitehall Rd. is $1,300,000 which reflects a ~6.8% cap rate on the current income stream, and represents an acquisition cost of $73/sq ft.
Sale Info
Listing Date: 04-19-2022
Sold Date: 07-29-2022
Aprox Days on Market:
3 month(s), 9 day(s)
Listing Sold:
1 Year(s), 8 month(s), 25 day(s) ago
Asking Price: $1,300,000
Selling Price: $1,185,000
Price Difference:
Reduced By $115,000
How Sold: $
Association Fees / Info
Hoa: No
Bathroom Info
Bedroom Info
Building Info
Financial
How Sold: Other
Sold Price: $1,185,000
Original Price: $1,300,000
Sellerpaidclosingcosts: Yes
Interior Features
Lot Info
Acres: 0.00
Misc
Property Info
Inside City Limits: Yes
Type Listing: Exclusive Right
Room Info
Sale / Lease Info
Sold Date: 2022-07-29T00:00:00
Ratio Close Price By List Price: $0.91
Sale Rent: For Sale
Sold Type: Other
Sqft Info
Building Rent Sqft: 17,800
Improved Sqft: 0-999
Tax Info
Unit Info
Utilities / Hvac
High Speed Internet: ,No,
Waterfront / Water
Courtesy of Jackson Williamson of Mccoy Wright, Inc (24029)
Gwen Fowler
Real Estate agent of 2015Gwen Fowler has been selling real estate in the Golden Corner since 1987 and has lived here her entire life. She has the experience and knowledge to guide you through the area and to match you with your dream property. If you are ready to take the step to make your dream a reality, contact Gwen at 864-916-2019
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