Description
Fantastic opportunity to purchase newly renovated retail space in booming downtown Anderson, SC. 122 and 124 W Whitner are offered for sale for the first time together. Combined the buildings are 10,400 sq ft of gross leasable area, and the first floor of both buildings are currently leased to two tenants: Taco Loco, a popular local Mexican restaurant, and Tifudi, a Thai fusion restaurant. Both leases are modified gross, Taco Locos (122 W Whitner) initial term expires on October 31, 2024 and they are currently paying $3,400/month. Tifudis (124 W Whitner) lease expires on May 31, 2025 and they are currently paying $3,713. There is an upstairs at 122 W Whitner that is being marketed for $1,650/month.Current gross monthly/yearly income-$7,113/ $85,356Current Expenses-$6,000/year insurance, Taxes- (122) $7442.18/year, and (124) $9515.96/year = Approx. $22,958.14/yearEstimated Current NOI = $62,397.86Estimated Current Proforma NOI = $82,197.86These buildings represent a tremendous opportunity to get a buy a piece of a rapidly expanding downtown for investors or owner users a like. Significant upside potential with this property. Owner is licensed SC Real Estate Broker
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Fantastic opportunity to purchase newly renovated retail space in booming downtown Anderson, SC. 122 and 124 W Whitner are offered for sale for the first time together. Combined the buildings are 10,400 sq ft of gross leasable area, and the first floor of both buildings are currently leased to two tenants: Taco Loco, a popular local Mexican restaurant, and Tifudi, a Thai fusion restaurant. Both leases are modified gross, Taco Locos (122 W Whitner) initial term expires on October 31, 2024 and they are currently paying $3,400/month. Tifudis (124 W Whitner) lease expires on May 31, 2025 and they are currently paying $3,713. There is an upstairs at 122 W Whitner that is being marketed for $1,650/month.Current gross monthly/yearly income-$7,113/ $85,356Current Expenses-$6,000/year insurance, Taxes- (122) $7442.18/year, and (124) $9515.96/year = Approx. $22,958.14/yearEstimated Current NOI = $62,397.86Estimated Current Proforma NOI = $82,197.86These buildings represent a tremendous opportunity to get a buy a piece of a rapidly expanding downtown for investors or owner users a like. Significant upside potential with this property. Owner is licensed SC Real Estate Broker
© 2024 Western Upstate Multiple Listing Service, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. Data last updated: 2024-09-19T20:35:44.373.