Commercial Properties

22,311 +/- SF Retail Center For Sale in the City of Orangeburg

22,311 Sqft - 903-945 Chestnut Street, Orangeburg, Orangeburg, United States 29115

Property Description

The Village Center:  22,311 +/- SF Retail Center located at 903-945 Chestnut Street in the City of Orangeburg.  Excellent Mix of National, Regional and Local Tenants.  2.80 +/- Acres w/4 Points of Ingress & Egress, 175 + Parking Spaces, Pylon Sign & More!  23,200 VPD on Chestnut.   Sale includes 2 Additional Sites(0.27 +/- Acres Each) Suitable for Expansion of Leasable Square Footage.  Call Cal for Financials and Details.

Year Built                                                     Leased

1980s                                                                   94% **

Lease Type                                                    # of Units    

Gross                                                                    13 plus Storage Room

Price                                                               Cap rate

$1,840,000                                                        7.5 %

Scheduled Income                                     Projected Expenses

$212,000                                                             $74,000

projected Net Operating Income         Average Rent/SF

$138,000                                                            $9.50

projected Property Taxes                      Tax Map #

$35,691                                                               0173-06-07-002-000

** In Process of Several Lease Renewals

 

Investment Highlights

  • Excellent Mix of National, Regional and Local Tenants
  • Central Location within the City of Orangeburg with Traffic Counts of 23,200 Vehicles Per Day on Chestnut and 16,600 Vehicles Per Day on St. Matthews Road as per SCDOT 2018 Traffic Study.
  • 175 + Parking Spaces ● Partial Resurfacing of Parking Lot and Entire Parking Lot Resealed & Re-Striped in June 2019
  • Sale includes 2 Additional Sites(0.27 +/- Acres Each) Suitable for Expansion of Leasable Square Footage
  • The City of Orangeburg’s Department of Public Utilities serves the property with City Sewer, Water, Electric & Gas.
  • Property has been well maintained over the years with Recent Improvements to: the Roof, Exterior Painting, Replacement of HVAC Units as needed, Parking Lot Repairs, New Main Panel in Pylon Sign and More.

Area Facts

The primary trade area population of the Greater Orangeburg Area (5 +/-Mile Radius) is estimated to be 54,990, a figure which includes more than half the residential population of Orangeburg County. It should be noted that the daytime population of the primary trade area is likely higher than this number.  (Numbers are per a market study completed in June 2014 – Full Report is Available if needed).

 

©2019 The Moore Group Realty LLC dba CENTURY 21 The Moore Group.  All rights reserved.  CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC.  The Moore Group Realty LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.  Each franchise is independently owned and operated.  Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.

Basic Details
Property Type : Retail
Listing Type : For sale
Listing ID : 1221
Price : $1,840,000.00
View : Street
Bedrooms : 0
Built Up Area : 22,311 Sqft
Year Built : 1980
Lot Area : 2.80 Acre
Address Map
Country : United States
County : Orangeburg
City : Orangeburg
Zipcode : 29115
Street : Chestnut Street
Street Number : 903-945
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Retail For sale
  • Listing ID : 1221
  • Bedrooms : 0
  • Built Up Area : 22,311 Sqft
$1,840,000.00
Agent info
Cal Bruner
CENTURY 21 The Moore Group
1480 Sims Street
Attachments
Contact Agent

©2019 The Moore Group Realty LLC dba CENTURY 21 The Moore Group.  All rights reserved.  CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC.  The Moore Group Realty LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.  Each franchise is independently owned and operated.  Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.