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122 & 124 W Whitner St

10,400 SF 88% Leased Retail Building Anderson, SC 29624 £1,105,224 (£106/SF) 4.46% Net Initial Yield

Investment Highlights

  • Downtown Restaurant buildings with full commercial kitchen

Executive Summary

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.

Attachments

122&124 Whitner

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,400 SF
Building Class
C
Year Built
1980
Price
£1,105,224
Price Per SF
£106
Net Initial Yield
4.46%
NOI
£49,295
Percent Leased
88%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.71
Land Acres
0.14 AC
Opportunity Zone
Yes
Zoning
C
Frontage
90 ft on W Whitner St.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Taco Loco
  • Accommodation and Food Services
  • 3,000 SF
  • £10.73
  • Modified Gross
  • Oct 2024
  • Tifudi
  • Accommodation and Food Services
  • 3,000 SF
  • £11.72
  • Modified Gross
  • May 2025
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Taco Loco Accommodation and Food Services 3,000 SF £10.73 Modified Gross Oct 2024
Tifudi Accommodation and Food Services 3,000 SF £11.72 Modified Gross May 2025

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2nd
  • 1,300 SF
  • Office/Retail
  • -
  • Now

One of the most beautiful spaces in Downtown Anderson, SC recently became available. 122 W Whitner St (Upstairs) has been renovated and is a blank slate. It's a great fit for an open concept office user, or similar use that needs natural light and an inviting space. Premises are approximately ,1300/SF and on the 2nd floor. Spaces like this typically don't stay available very long. Call listing agent today to schedule a showing.

Space Size Space Use Position Available
2nd 1,300 SF Office/Retail - Now

2nd

Size
1,300 SF
Space Use
Office/Retail
Position
-
Available
Now

2nd

Size 1,300 SF
Space Use Office/Retail
Position -
Available Now

One of the most beautiful spaces in Downtown Anderson, SC recently became available. 122 W Whitner St (Upstairs) has been renovated and is a blank slate. It's a great fit for an open concept office user, or similar use that needs natural light and an inviting space. Premises are approximately ,1300/SF and on the 2nd floor. Spaces like this typically don't stay available very long. Call listing agent today to schedule a showing.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 123-30-02-019
  • 123-30-02-027
  • 123-30-02-029
  • 123-30-02-028
Land Assessment
£3,495
Improvements Assessment
£13,271
Total Assessment
£16,766
  • Listing ID: 32091366

  • Date on Market: 11/06/2024

  • Last Updated:

  • Address: 122 & 124 W Whitner St, Anderson, SC 29624

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