For Sale
$1,185,000

8 Congress StYork, SC 29745

Historic building, 8,400 sq ft, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 8 N. Congress St. in York, South Carolina, presents a compelling investment opportunity. The fully renovated, 8,400 square foot building boasts a prime location in the heart of York's historic downtown, benefiting from the ongoing revitalization and new business development along Congress Street. Currently configured with four tenant spaces – three ground-level commercial units and a residential apartment on the upper level – this property offers diverse income streams. The building is zoned B-1, allowing for a variety of uses. Financial highlights include an asking price of $1,185,000, a price per square foot of $141.07, a pro-forma NOI of $86,000, and a pro-forma cap rate of 7.26%. The seller is open to exploring creative financing options, making this an attractive proposition for discerning investors. This is a rare chance to acquire a renovated historical building in a thriving downtown area with strong potential for future growth and appreciation. The property's location in the 29745 zip code offers easy access to local amenities and transportation.

Highlights

  • 8,400 SF mixed-use building in York, SC's historic downtown.
  • Fully renovated with three ground-floor commercial units and one upper-level residential apartment.
  • Zoned B-1, offering diverse use potential.
  • Asking price: $1,185,000 ($141.07/SF); Pro-forma NOI: $86,000; Pro-forma Cap Rate: 7.26%.
  • Seller offers creative financing options.

Property Details for 8 Congress St

Property type
Retail properties, Mixed-use properties
Square Feet
8,400 SF

Location Insight

City
York
County
York
State
South Carolina
Latitude
34.994295
Longitude
-81.2416004
8 Congress St, York, South Carolina

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8 Congress St
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