220 Main StSalem, SC 29676

Property Details for 220 Main St

Year built

1960

Lot size

5.48 AC

Property size (Sq ft)

2,176 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

064-00-02-011

APU

640002011

Description

This exceptional 5.49-acre commercial property at 220 W Main Street, Salem, SC, presents a lucrative investment opportunity. Currently operating as a thriving storage facility, this turn-key business boasts over 50 boat and RV storage spaces, numerous covered car spaces, and more than 2100 square feet of indoor storage. The property's strategic location just off Highway 11, minutes from the recreational attractions of Lake Jocassee and Lake Keowee, ensures high demand and consistent occupancy. Security features include a new electronic entry gate, an 8-foot tall security fence, and ample space for future expansion. The existing infrastructure provides a solid foundation for immediate revenue generation, while the expansive lot allows for significant growth potential. This is a rare opportunity to acquire a well-established, high-performing business with substantial room for development in a desirable location. The property's proximity to popular lakes makes it ideal for seasonal and year-round renters. The motivated seller is eager to finalize a transaction, making this an attractive proposition for discerning investors seeking a profitable venture in a thriving market. The property is zoned for commercial/special purpose use. The asking price is $399,900.

• CAP approach

  CAP return

  Valuation

  6%

  $818,337

  6.5%

  $755,388

  7%

  $701,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,458

  Geo Method

  $451,458

• Alternative Use

  Use

  Valuation

  Residential

  $637,198

  Hospitality

  $583,670

  Educational

  $485,607

  Medical

  $502,307

  Retail

  $755,388

Location Insight

City

Salem

County

Oconee

State

South Carolina

Latitude

34.9002

Longitude

-82.9847

CBSA code

42860

CBSA name

SENECA, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].