For Sale
$265,000

901 North 1St StSeneca, SC 29678

High-traffic location, strong NOI, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use investment property, located at 901 W North 1st St, Seneca, SC 29678, presents a compelling opportunity. Situated on a 0.23-acre lot with 50 parking spaces and boasting 400 feet of frontage on a high-traffic road (over 11,000 cars daily), this property offers significant potential. The property consists of two buildings totaling approximately 3,262 square feet (1,462 sq ft main building + 1,800 sq ft covered area), built in 1975 and renovated in 2022. Currently operating as an auto shop and storefront, the property is zoned for commercial use and features a Class C, Net Lease (NNN) structure with a single tenant. The lease, expiring November 30, 2026, has a remaining term of two years and boasts 100% occupancy since November 8, 2023. The property generates a Net Operating Income (NOI) of $16,800, resulting in a 6.34% cap rate. The asking price is $265,000. This is a turnkey investment with a strong tenant and excellent location near Highway 123. The property includes two units and is situated in Oconee County, South Carolina. The APN is 520-21-02-002. No tenant credit rating is available.

Property Details for 901 North 1St St

Property type
Retail properties, Office properties
Class
C
Year Built/Renovated
1975/2022
Buildings
2
Stories
1
Lot Size (sq. ft)
10,019 SF
Units
2

Location Insight

City
Seneca
County
Oconee
State
South Carolina
Latitude
34.6895638
Longitude
-82.9751307
901 North 1St St, Seneca, South Carolina

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901 North 1St St
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