1010 White StRock Hill, SC 29730

  • Other commercial real estate
  • 5,425 SF
For Sale
$755,000 View listing

Property Details for 1010 White St

Lot size
0.28 AC
Property size (Sq ft)
5,425 SF
Property type
Other commercial real estate
APN
626-03-01-010
APU
6260301010

Description

This exceptional investment opportunity presents a 5,436-square-foot warehouse located at 1010 E White St, Rock Hill, SC 29730. The property, built in 1975, sits on a 0.278-acre lot and is zoned IG. Currently 100% occupied by STR Mechanical under a Net Lease agreement, the property boasts a strong 7.20% cap rate with a NOI of $54,360. The lease, initiated October 1, 2021, extends to November 30, 2027, with two 2-year renewal options, each including a 5% annual rent increase. The single-story building features three dock-high doors and one grade-level door, along with individual offices, a reception/showroom area, and ample warehouse space. This is a prime investment opportunity in a thriving location, offering a secure, long-term lease with significant upside potential. The property's features include a single unit, one building, and is situated in York County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,043,886
    Hospitality
    $1,872,189
    Educational
    $1,557,639
    Medical
    $1,611,209
    Retail
    $2,422,994
1010 White St, Rock Hill, South Carolina

Location Insight

City
Rock Hill
County
York
State
South Carolina
Latitude
34.9189
Longitude
-81.01
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,531
$1,740
$15,252
$16,992
-
$29,000
$254,203
$283,203

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