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Redevelopment Retail Office Workshop 785 Bleakley St

5,769 SF Retail Building Orangeburg, SC 29115 £331,014 (£57/SF) 7.98% Net Initial Yield

Investment Highlights

  • Located in Opportunity Zone
  • Walking distance to residential and MHP neighborhoods
  • Multiple services offered: groceries, meats, lottery and money transfers
  • Less than 1 mile East of downtown Orangeburg
  • Consistent high revenue history
  • Main clientele from residential and MHP neighborhoods

Executive Summary

Redevelopment Opportunity - Retail - Laundromat - Workshop - Medical - or keep as neighborhood grocery store. Zoned RG (multiple uses). Grocery FL Metts located in an Opportunity Zone in Orangeburg SC, being offered for sale. The established business is located on the east side of downtown Orangeburg. The property was been owned and managed by the family since 2006 and has consistent high revenue history. It is surrounded by residential neighborhoods and a MHP that relies on this store for daily groceries, deli, meats, money transfers and lottery. A new roof was installed in 2019, drink coolers and tile flooring replaced within the past three years. Included is a 200+ SF separate storage building with 5 rollup doors. There is a high need for a laundromat in this vicinity. Great opportunity for new owner to continue to grow the business. The store is managed by husband & wife team plus one employee. Price includes real estate, excludes inventory.
Orangeburg County has a rich manufacturing tradition with both old and advanced manufacturing. A diversified economy with over 110 industrial companies with multiple new additions coming in 2024 and 2025, including solar farms and innovation centers. The city of Orangeburg is located 36 miles SE of Columbia, the state capital. It is a thriving community with strong healthcare sector, universities and a technical college.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,769 SF
Building Class
C
Year Built
1975
Price
£331,014
Price Per SF
£57
Net Initial Yield
7.98%
NOI
£26,407
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
1.00 AC
Opportunity Zone
Yes
Zoning
RG - RG: Redevelopment Opportunity - Retail / Residential / Laundry Service / Mixed Use
Parking
20 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
156 ft on Bleakley St

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0173-19-06-004.000
Land Assessment
£1,031
Improvements Assessment
£4,289
Total Assessment
£5,320
  • Listing ID: 31050758

  • Date on Market: 26/02/2024

  • Last Updated:

  • Address: 785 Bleakley St, Orangeburg, SC 29115

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