103 W Main Street

Description

If you want to own a piece of prime real estate, 103 West Main Street in Downtown Easley is for you. Current owners purchased in 2017 and have invested more than $400k into making this a turn key operation. As you may or may not know, downtown Easley is one of the fastest growing downtowns in Upstate SC. There are several multi million dollar renovations and investment projects within a 1/2 mile of the downtown district. If you like the opportunity of a diverse real estate portfolio, this property is for you. This 9850 square foot building consists of 2 main level commercial units, 4 second level apartments, and an executive office. Since its renovation this building has been 100% occupied. 2021 rental projections is $97,200 gross rent and $90,290.52 of potential net income. The main level consists of 2 commercial units. The first unit which is directly on main street was at one time 2 commercial spaces and could be made back into the 2 spaces if the new owner desired. Currently a real estate brokerage has a lease through the end of 2024 in this unit. On the Pendleton Street side of the building, Seven-Five Boutique, one of Easley's most trafficked clothing boutiques has a lease through 11/30/2022. The entire commercial area was renovated in 2017 down to the brick and rebuilt. This building also a rear entrance to both commercial units through the City Of Easley Amphitheater area, which drives foot traffic up for both businesses, especially when there are city events. As you enter one of two secured doors that lead you upstairs you will find four amazingly designed apartments. On this level there are 3 one bedroom apartments that currently have leases from $850 - $900. There is also a completely renovated 2 bedroom apartment that is being rented for $1,100. In addition to the 4 apartments there is an executive office that is being rented out for $500. This building has so much to offer and with the massive growth of the City of Easley and in particular the Downtown Easley District, you are sure to have growth in rents and value. This building is located in the TIF & Core Commercial District of the City of Easley which allows you to utilize multiple types of zoning without rezoning of the building. Schedule a showing today before this amazing opportunity passes you by.