For Sale
$257,000

1705 Main St Anderson, SC 29621

Class A Office, 1,459 SF, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A office building, located at 1705 N Main St in Anderson, South Carolina, presents a compelling investment opportunity. The 1,459 square foot property is currently leased to 1st Capital Consumer and Title Loans, a long-term tenant occupying the entire space. The lease, expiring May 31, 2026, generates a substantial monthly rent of $1,784, translating to an annual rent of $21,408. Annual expenses are estimated at $4,513, resulting in a strong net operating income (NOI) of $16,895. This translates to an attractive cap rate of 6.57%. The asking price for this prime commercial real estate is $257,000, offering a price per square foot of $176.15. Situated on a highly desirable corridor in Anderson, this property represents a secure investment with significant potential for future growth. The property's location in Anderson County, South Carolina, zip code 29621, provides easy access to key transportation routes and local amenities. This is a rare chance to acquire a well-performing, established office building in a thriving market. The building's strong tenant history and favorable lease terms make it an ideal addition to any investment portfolio.

Highlights

  • Class A office building, 1,459 sq ft, located at 1705 N Main St, Anderson, SC 29621.
  • Fully leased to 1st Capital Consumer and Title Loans until May 31, 2026.
  • Annual rent: $21,408; Annual expenses: $4,513; NOI: $16,895; Cap rate: 6.57%.
  • Asking price: $257,000 ($176.15/sq ft).

Property Details for 1705 Main St

Property type
Office properties
Square Feet
1,459 SF
Class
A

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5190442
Longitude
-82.6556425

FAQs

What type of property is this?
Office property - Class A Office, 1,459 SF, High NOI
Where is the office property located?
The property is located at 1705 Main St Anderson, SC.
What is the asking price?
The asking price for this property is $257,000.
What are key features of this property?
This property features: Class A office building, 1,459 sq ft, located at 1705 N Main St, Anderson, SC 29621.; Fully leased to 1st Capital Consumer and Title Loans until May 31, 2026.; Annual rent: $21,408; Annual expenses: $4,513; NOI: $16,895; Cap rate: 6.57%.
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1705 Main St
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