Log In/Sign Up
Your email has been sent.
Mixed Use Investment Downtown Laurens 111 W Public Sq 4,600 SF 100% Leased Retail Building Laurens, SC 29360 $523,470 CAD ($113.80 CAD/SF) 7.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed-use income property: Two occupied upstairs apartments(2/1 & 1/1) bringing in ±$18,600/year, plus a retail storefront ±2,300?sq?ft)
- Hard-corner location: Exceptionally rare in Laurens’ historic downtown square, maximizing visibility and foot traffic
- Renovated retail facade: Beautiful upgrades already in place, with additional improvements welcomed to elevate value further
- Value-add upside: Rents are well below market, ideal for a future bump through remodeling or modernization
- Enchanting ambiance: Adjacent alleyway with brick pavers and string lights offers unique charm and allure after dark
EXECUTIVE SUMMARY
Reedy River Retail at SVN | Palmetto is pleased to present a rare investment opportunity on a hard corner within Laurens' Historic Square! This classic all-brick, mixed-use property features two fully leased residential units above and ±2,300?sq?ft of ground-floor retail space. The upstairs apartments generate ±$18,600 annually with below-market rents and clear upside to renovate and re-rent at local market rates. The retail base has already received a tasteful renovation and new facade, yet still offers further value-add potential. Adjacent, a charming alleyway with brick pavers and overhead string lights enhances curb appeal and transforms this into a true beauty at night. Perfect for an investor seeking steady income or an owner-operator looking to offset costs with multiple rental income streams.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,600 SF
Building Class
C
Year Built/Renovated
1922/2023
Price
$523,470 CAD
Price Per SF
$113.80 CAD
Cap Rate
7.36%
NOI
$38,509 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.76
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
CO - Core Commercial District
Parking
4 Spaces (0.8 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- The Artist's Coop
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| The Artist's Coop | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 906-11-08-010 | Total Assessment | $846 CAD |
| Land Assessment | $254 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $592 CAD | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
906-11-08-010
Land Assessment
$254 CAD
Improvements Assessment
$592 CAD
Total Assessment
$846 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2024
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Mixed Use Investment Downtown Laurens | 111 W Public Sq
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.