212 Main StWalhalla, SC 29691

Property Details for 212 Main St

Year built

1925

Lot size

0.06 AC

Property size (Sq ft)

1,855 SF

Property type

Office properties

Property subtype

Office buildings

APN

500-19-04-005

APU

5001904005

Description

This exceptional investment opportunity presents a two-story, 6,130 square foot multi-tenant building ideally situated on East Main Street in the heart of historic downtown Walhalla, South Carolina. The property, encompassing Oconee County Parcel IDs 500-19-04-005 and 500-19-04-006, boasts multiple storefronts, each benefiting from high ceilings, exposed brick, and large windows that flood the spaces with natural light. Recent renovations and upgrades have tastefully blended historic charm with modern conveniences. The building's prime location ensures high visibility, with prominent street-level signage directly on Main Street. Convenient on-site parking is available in front of the building, while readily accessible public city parking is located directly behind, providing ample space for customers and employees. Currently occupied by successful local tenants, this property offers a strong existing income stream with potential for lease extensions. The thriving downtown area is experiencing rapid growth, with numerous new businesses establishing themselves nearby, indicating a robust and expanding market. This presents a rare chance to acquire a well-maintained, income-producing property in a desirable and rapidly developing location. The asking price is $1,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $474,570

  6.5%

  $438,064

  7%

  $406,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $152,722

  Geo Method

  $152,722

• Alternative Use

  Use

  Valuation

  Residential

  $543,200

  Hospitality

  $497,568

  Educational

  $413,971

  Medical

  $428,208

  Retail

  $643,955

Location Insight

City

Walhalla

County

Oconee

State

South Carolina

Latitude

34.7643

Longitude

-83.0637

CBSA code

42860

CBSA name

SENECA, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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