122 & 124 W Whitner St - Restaurant FOR SALE


Anderson, SC 29624
$1,399,000 USD
404-791-0865
122 & 124 W Whitner St, Anderson, SC for Sale
$1,399,000 USD
Restaurant - FOR SALE
1/16
null | 4.46% Cap Rate

122 & 124 W Whitner St
Anderson, SC 29624


HIGHLIGHTS

  • Downtown Restaurant buildings with full commercial kitchen

OVERVIEW

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. Call today with any questions or to schedule a showing.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

4.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C

APN/PARCEL ID

123-30-02-019,123-30-02-027,123-30-02-028,123-30-02-029

ASK ABOUT THIS PROPERTY

Max KinserMcCoy Wright, Inc.More Info
404-791-0865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Max KinserMcCoy Wright, Inc.More Info
404-791-0865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.