For Sale
$1,050,000

102 Buford Ave Anderson, SC 29621

10,405 SF, 7.89% Cap Rate, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional two-story, 10,405 square foot medical office building in Anderson, South Carolina, presents a compelling investment opportunity. Boasting a 7.89% cap rate and 100% occupancy across five tenants, this property offers immediate cash flow. Situated on a spacious 1.55-acre lot in Anderson County (APN 148-08-04-022-000), the building, constructed in 1978, benefits from its strategic location between AnMed Health's North and South campuses, ensuring convenient access for both tenants and patients. The substantial lot size presents potential for future expansion or development, enhancing long-term investment returns. The current multi-tenant structure minimizes risk and provides a stable income stream. The strong occupancy rate and favorable demographics of the area, coupled with the proximity to major healthcare facilities, contribute to a robust and sustained demand for medical office space. Opportunities exist to further increase property value through lease restructuring and implementing modern amenities to attract higher-quality tenants and command increased rental rates. This Class B property is a rare find in a thriving healthcare market.

Highlights

  • 10,405 SF medical office building in Anderson, SC, offering a 7.89% cap rate and 100% occupancy.
  • Situated on a 1.55-acre lot in Anderson County (APN 148-08-04-022-000), strategically located between AnMed Health's North and South campuses.
  • Built in 1978, this Class B property features five tenants, providing immediate cash flow and minimizing investment risk.
  • Significant potential for future expansion or development due to the large lot size and strong demand for medical office space in the area.

Property Details for 102 Buford Ave

Property type
Office properties, Medical offices
Square Feet
10,405 SF
Class
B
Year Built
1978
Buildings
1
Stories
2
Lot Size (sq. ft)
67,518 SF

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.524129982974
Longitude
-82.635507984513

FAQs

What type of property is this?
Office property - 10,405 SF, 7.89% Cap Rate, 100% Occupied
Where is the office property located?
The property is located at 102 Buford Ave Anderson, SC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 10,405 SF medical office building in Anderson, SC, offering a 7.89% cap rate and 100% occupancy.; Situated on a 1.55-acre lot in Anderson County (APN 148-08-04-022-000), strategically located between AnMed Health's North and South campuses.; Built in 1978, this Class B property features five tenants, providing immediate cash flow and minimizing investment risk.
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102 Buford Ave
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