201 Church StAnderson, SC 29624

Property Details for 201 Church St

Lot size

0.16 AC

Property size (Sq ft)

5,391 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

123-30-14-005

APU

1233014005

Description

This exceptional 5,391 square foot warehouse, situated on a 0.15-acre corner lot at the prominent intersection of South Murray and West Church Streets in Anderson, South Carolina's historic downtown, presents a unique redevelopment opportunity. The property boasts attractive architectural details and high visibility due to its location at a red light intersection. Its prime location offers easy access to local shopping, medical facilities, and major industries. The warehouse features a spacious, open interior ideal for custom build-outs, complemented by a separate private office area suitable for administrative or retail use. The building's potential uses are diverse, ranging from industrial-chic apartments and retail spaces to restaurants, breweries, or upscale office spaces. A significant advantage is the completion of preliminary work, including obtaining a clean bill of health from the South Carolina Department of Health and Environmental Control (DHEC), ensuring the property is ready for immediate development. Furthermore, the property may be eligible for state and federal tax credits upon restoration, offering substantial financial benefits to developers. This combination of location, potential, and historic charm makes this a rare and compelling investment opportunity in Anderson's thriving downtown area. The asking price is $395,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,027,416

  6.5%

  $1,871,460

  7%

  $1,737,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,118,479

  Geo Method

  $1,118,479

• Alternative Use

  Use

  Valuation

  Residential

  $1,578,647

  Hospitality

  $1,446,032

  Educational

  $1,203,082

  Medical

  $1,244,458

  Retail

  $1,871,460

Location Insight

City

Anderson

County

Anderson

State

South Carolina

Latitude

34.5017

Longitude

-82.6517

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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