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Value-add Office/Retail Storefront
2 Retail Properties Online Auction Sale Anderson, SC
Investment Highlights
- Located in a college town, near a high-performing intersection with excellent visibility to consumers.
- Within a growing locality; the population living within a 1-mile radius has grown by an astounding 5% over the past four years.
- Major employers in Anderson include Anderson University, Michelin, First Quality, and Arthrex.
- Two-property value-add, anchored by Palmetto Distillery, and subject to local, state, and federal tax incentives.
- Boasting open floorplan layouts, flexible usage, and easy access to US Highways 76 and 178.
- Near national retailers and well-known brands, including Dollar Tree, Lowe's, Home2 Suites, Ingles Market, and more.
Executive Summary
108-116 S Murray Avenue consists of four storefronts totaling 7,100 square feet, and 200 W Benson Street totals 12,000 square feet. Currently, 108-116 S Murray Avenue is partially leased to multiple retail and office tenants. The vacant suites present value-add potential through lease-up. Each suite’s build-out can be altered and leased to office, retail, and creative space users in search of space that promotes cross-consumer shopping. 200 W Benson Street is anchored by the award-winning, Palmetto Distillery. The property’s second-floor space is perfect for retail or office tenants and creates excellent tenant synergy for a dynamic cross-shopping experience.
The properties might be eligible for state and federal tax credits. Anderson County’s Economic Development Authority offers a variety of incentives for business and industry development. Many of these incentive packages are available to both existing and new businesses that have shown a commitment to investment, job creation, and real wage growth. Some of the most popular programs include tax exemptions, fee in lieu of property taxes (FILOT), tax abatements, and more. Please review the Anderson County Economic Development incentive site below.
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- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Greenville - SC USA
Market Cap Rate
Greenville - SC USA
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Property Facts
| Sale Conditions | Auction Sale | Number of Properties | 2 |
| Sale Type | Investment | Total Building Size | 26,600 SF |
| Status | Active | Total Land Area | 0.66 AC |
| Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 26,600 SF |
| Total Land Area | 0.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 200 W Benson St, Anderson, SC 29624 | Retail | 19,500 SF | 1941 |
| 108-116 S Murray Ave, Anderson, SC 29624 | Retail | 7,100 SF | - |
About Anderson County
Anderson County, South Carolina, is a fast-growing suburb of Greenville situated along the rapidly developing Interstate 85 corridor between Charlotte and Atlanta. Residential migration to the nearby Greenville-Spartanburg area, combined with industrial growth along I-85, has brought new job opportunities to the area as major distribution and manufacturing facilities have opened in recent years. TTI, Electrolux, and Walgreens are among the more than dozen companies with 600,000 square feet or more of industrial space.
Job growth has led to population and wage growth, bolstering retail spending in the area. Anderson County’s population has grown by more than 10% over the past decade, leading to new store openings such as those for home goods and grocery retailers, as well as the entrance of new experiential brands such as Orangetheory Fitness in 2022.
While industrial job growth drives much of the population growth in Anderson, nearby Clemson University has continued to increase enrollment to nearly 30,000 undergraduate and graduate students, improving the prospects for retail brands geared at a younger demographic.
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Value-add Office/Retail Storefront
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