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906-946 Chesterfield Hwy 27,000 SF Vacant Retail Building Cheraw, SC 29520 $966,149 CAD ($35.78 CAD/SF) 11.07% Cap Rate

Restaurants South Carolina Cheraw 906-946 Chesterfield Hwy, Cheraw, SC 29520

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Investment Highlights

  • Ample parking.

Executive Summary

Presenting an investment opportunity with a current cap rate of around 7.6%, this property offers steady income with potential for increased returns. It's worth noting that all current rents have remained stable for years with room to increase, providing a reliable income stream. Don't miss out on the potential for growing returns in this investment opportunity. Recent improvements: Installed a new 10 ton Heat pump on Razel Rentals, new heat pump on County Kitchen as well as re-seal the roof, new heat pump on Molisa Nails and Studio. In the process of having the front canopy painted and replacing parking lot lights.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
27,000 SF
Building Class
C
Year Built
1960
Price
$966,149 CAD
Price Per SF
$35.78 CAD
Cap Rate
11.07%
NOI
$106,905 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.11
Lot Size
5.79 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
260 Spaces (9.63 Spaces per 1,000 SF Leased)
Frontage
690’ on Chesterfield Hwy

Amenities

  • Signalized Intersection
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Source: Local Logic®

Nearby Major Retailers

First Bank NC
Wells Fargo
Country Kitchen
Rent-a-center
Woodforest Bank
Food Lion
Hwy 55 Burgers Shakes & Fries
First Citizens Bank

Property Taxes

Parcel Numbers
Multiple
  • 258-013-001-002
  • 258-013-001-003
 Improvements Assessment $107,340 CAD
Land Assessment $40,350 CAD Total Assessment $147,690 CAD

Property Taxes

Parcel Numbers
Multiple
  • 258-013-001-002
  • 258-013-001-003
Land Assessment
$40,350 CAD
Improvements Assessment
$107,340 CAD
Total Assessment
$147,690 CAD
(704) 400-4019

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 31728444

  • Date on Market: 2024-05-07

  • Last Updated:

  • Address: 906-946 Chesterfield Hwy, Cheraw, SC 29520

The Retail Property at 906-946 Chesterfield Hwy, Cheraw, SC 29520 is currently available for Sale. Contact Keller Williams Select for more information.

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906-946 Chesterfield Hwy
(704) 400-4019 x

906-946 Chesterfield Hwy

Jay Ross
(704) 400-4019

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