203 Lexington Avenue

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203 Lexington Avenue

chapin, SC 29036
Asking Price
$2.30M
Asset Type
Retail
Class
Class B

What's Special

203 Lexington Avenue is located in the heart of Chapin, South Carolina, situated within a developing commercial corridor. The neighborhood character is defined by a mix of established local businesses, professional offices, and residential subdivisions. The property offers proximity to essential community amenities, including the Chapin Branch Library and several local dining establishments. Transportation access is primarily served by Lexington Avenue, which connects directly to U.S. Route 76 and provides a straightforward route to Interstate 26, facilitating regional connectivity to Columbia and Spartanburg. The property is suited for retail use cases such as boutique shops, specialty services, or small-scale convenience outlets. The typical tenant profile includes local retailers, service-oriented franchises, or high-visibility professional services seeking a central position within the Chapin market. The building’s location supports businesses that rely on local neighborhood traffic and community-based patronage. Features of the site accommodate standard retail operations, including street-front visibility and accessibility for pedestrian and vehicular visitors within the town center environment.

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741

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