111 W Public Sq - Storefront Retail/Residential FOR SALE


Laurens, SC 29360
$375,000 USD
864-637-9302
111 W Public Sq, Laurens, SC for Sale
$375,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 7.36% Cap Rate

111 W Public Sq
Laurens, SC 29360


HIGHLIGHTS

  • Mixed-use income property: Two occupied upstairs apartments(2/1 & 1/1) bringing in ±$18,600/year, plus a retail storefront ±2,300?sq?ft)
  • Value-add upside: Rents are well below market, ideal for a future bump through remodeling or modernization
  • Hard-corner location: Exceptionally rare in Laurens’ historic downtown square, maximizing visibility and foot traffic
  • Enchanting ambiance: Adjacent alleyway with brick pavers and string lights offers unique charm and allure after dark
  • Renovated retail facade: Beautiful upgrades already in place, with additional improvements welcomed to elevate value further

OVERVIEW

Reedy River Retail at SVN | Palmetto is pleased to present a rare investment opportunity on a hard corner within Laurens' Historic Square! This classic all-brick, mixed-use property features two fully leased residential units above and ±2,300?sq?ft of ground-floor retail space. The upstairs apartments generate ±$18,600 annually with below-market rents and clear upside to renovate and re-rent at local market rates. The retail base has already received a tasteful renovation and new facade, yet still offers further value-add potential. Adjacent, a charming alleyway with brick pavers and overhead string lights enhances curb appeal and transforms this into a true beauty at night. Perfect for an investor seeking steady income or an owner-operator looking to offset costs with multiple rental income streams.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

7.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use Investment Downtown Laurens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CO

APN/PARCEL ID

906-11-08-010

ASK ABOUT THIS PROPERTY

Brett MitchellSVN | Palmetto CREMore Info
864-637-9302

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Brett MitchellSVN | Palmetto CREMore Info
864-637-9302

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