Description
Offered for sale for the first time since being built, 708 Whitehall Rd. is a fantastic piece of income producing commercial real estate on a highly traveled commercial corridor. Fully leased to 4 tenants, the fully sprinkled 17,800 sq ft building is in great condition. The current Net Operating Income is almost $88,000/year. Plenty of parking, great road presence, quality tenants, and a versatile building contribute to this buildings value proposition. Current tenants include BSN Sports (a national sports equipment retailer occupying 12,600 sq ft), a hair salon, antiques shop, and trophy shop. Current rents are well below market value offering the new owner a significant chance to add value to the property. Asking price for 708 Whitehall Rd. is $1,300,000 which reflects a ~6.8% cap rate on the current income stream, and represents an acquisition cost of $73/sq ft.
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School Ratings & Info
Description
Offered for sale for the first time since being built, 708 Whitehall Rd. is a fantastic piece of income producing commercial real estate on a highly traveled commercial corridor. Fully leased to 4 tenants, the fully sprinkled 17,800 sq ft building is in great condition. The current Net Operating Income is almost $88,000/year. Plenty of parking, great road presence, quality tenants, and a versatile building contribute to this buildings value proposition. Current tenants include BSN Sports (a national sports equipment retailer occupying 12,600 sq ft), a hair salon, antiques shop, and trophy shop. Current rents are well below market value offering the new owner a significant chance to add value to the property. Asking price for 708 Whitehall Rd. is $1,300,000 which reflects a ~6.8% cap rate on the current income stream, and represents an acquisition cost of $73/sq ft.
© 2022 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: 2022-05-25T23:35:57.827.