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 Loco’s (122 W Whitner) initial term expires on October 31, 2024 and they are currently paying $3,400/month. Tifudi’s (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/ $85,356
Current Expenses-
$6,000/year insurance, Taxes- (122) $7442.18/year, and (124) $9515.96/year = Approx. $22,958.14/year
Estimated Current NOI = $62,397.86
Estimated Current Proforma NOI = $82,197.86
These 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
Current gross monthly/yearly income-
$7,113/ $85,356
Current Expenses-
$6,000/year insurance, Taxes- (122) $7442.18/year, and (124) $9515.96/year = Approx. $22,958.14/year
Estimated Current NOI = $62,397.86
Estimated Current Proforma NOI = $82,197.86
These 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
Property Details
Price:
$1,399,999
MLS #:
20275875
Status:
Active
Baths:
0
Address:
122 & 124 W Whitner Street
Type:
Commercial
Subtype:
Retail Building
Neighborhood:
105andersoncountysc
City:
Anderson
Listed Date:
May 10, 2024
State:
SC
ZIP:
29624
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Listing courtesy of Max Kinser @ McCoy Wright, Inc (24029).
Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Western Upstate MLS. Detailed information about real estate listings held by brokerage firms other than All Star Company, Inc include the name of the listing broker. Neither the listing company nor All Star Company, Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Western Upstate SC. All rights reserved.
122 & 124 W Whitner Street
Anderson, SC
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