For Sale
$419,000

785 Bleakley StOrangeburg, SC 29115

1-Acre Retail/Residential Complex, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1-acre property in Orangeburg, South Carolina, presents a compelling redevelopment opportunity. Currently operating as a neighborhood grocery store with a consistent high-revenue history since 2006, this established business boasts a diverse clientele drawn from surrounding residential areas and a nearby mobile home park. The 5,769 square foot main building, featuring newer coolers and updated tile flooring (installed within the past three years), offers a variety of services including groceries, meats, lottery tickets, and money transfers. A new roof was installed in 2019. A separate 200+ square foot storage building with five roll-up doors adds significant versatility. The property includes 30 parking spaces and is zoned RG, permitting multiple uses, including retail, residential, and a laundromat—a service highly sought after in the immediate vicinity. The asking price is $419,000, representing a 7.98% cap rate with a net operating income (NOI) of $33,426. The property's location less than a mile east of downtown Orangeburg, within an Opportunity Zone, and its proximity to a thriving community with strong healthcare, universities, and a technical college, makes this a prime investment. The sale includes the real estate

Highlights

  • Redevelopment opportunity: Retail, residential, laundromat, or mixed-use.
  • Consistent high revenue history since 2006.
  • Strong customer base from nearby residential areas and mobile home park.
  • Features newer coolers and updated tile flooring.
  • Offers groceries, meats, lottery tickets, and money transfers.
  • Located in an Opportunity Zone, less than one mile from downtown Orangeburg.

Property Details for 785 Bleakley St

Property type
Retirement homes, Retail properties
Square Feet
5,769 SF
Year Built
1975
Buildings
2
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.486115689618
Longitude
-80.844789496781
785 Bleakley St, Orangeburg, South Carolina

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785 Bleakley St
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