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229 S. Main Street
Lancaster, SC 29720
Asking Price
$275K
Asset Type
Mixed-use
Class
Class B
What's Special
Mixed Use | 15,266 SqFt <ul><li>This commercial property in downtown Lancaster offers a versatile blank canvas for a rehabilitation or adaptive reuse project. This building is in the poorest condition of the four and shows clear signs of wear and deterioration. Bringing it up to modern standards would likely require a significant investment; in some cases, a full redevelopment or demolition could be the most practical path forward. That said, it presents a strong opportunity for investors or developers looking to repo
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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401
