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4223 Cedar Creek Rd
Lancaster, SC 29720
Asking Price
$2.40M
Cap Rate
4.17%
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 8.47 acres <ul><li>8.47 acres with custom-built 5,000 SF event facility, outdoor amphitheater, outdoor gathering areas, waterfront access overlooking the Catawba River.</li><li>Developed in 2019</li><li>Located off I-77 exit 55 (Highway 97) near Great Falls & Lancaster, SC about 1 hour from Charlotte</li><li>Operated as boutique event venue for last 5 years with +/-40 weddings/year</li><li>Outstanding opportunity for family estate or entrepreneur/operator to continue as event business</li><li>Zoned A
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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.68%
Monthly Payment
$11,873.891
Annual Cash Flow
$-62,486.686
