1707 Main StAnderson, SC 29621

Property Details for 1707 Main St

Lot size

0.18 AC

Property size (Sq ft)

2,138 SF

Property type

Office properties

Property subtype

Office buildings

APN

123-26-11-012

APU

1232611012

Description

This exceptional Class A office building, located at 1707 N Main St in Anderson, South Carolina, presents a compelling investment opportunity. The 2,138 square foot property is currently occupied by a well-established insurance agency under a lease expiring October 31, 2025. The current tenant, Correll Insurance Group, pays a monthly rent of $2,190, translating to an annual rent of $26,280. Annual expenses are estimated at $6,022, resulting in a net operating income (NOI) of $20,258. This translates to a 6.53% capitalization rate. The asking price for this property is $310,000, representing a price per square foot of $145. Situated in Anderson County, South Carolina, zip code 29621, this property offers a strong tenant base and a solid return on investment. The building's prime location on North Main Street provides excellent visibility and accessibility. This is an ideal opportunity for investors seeking a stable, income-producing asset in a desirable location. The property's strong financial performance and established tenant make it a particularly attractive investment. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $546,970

  6.5%

  $504,896

  7%

  $468,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $176,022

  Geo Method

  $176,022

• Alternative Use

  Use

  Valuation

  Residential

  $626,071

  Hospitality

  $573,477

  Educational

  $477,126

  Medical

  $493,536

  Retail

  $742,197

Location Insight

City

Anderson

County

Anderson

State

South Carolina

Latitude

34.5193

Longitude

-82.6558

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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