Property Details

DescriptionFantastic opportunity to purchase newly renovated retail space in booming downtown Anderson, SC. 122 and 124 W Whitner are offered for sale for the first time together. Combined the buildings are 10,400 sq ft of gross leasable area, and the first floor of both buildings are currently leased to two tenants: Taco Loco, a popular local Mexican restaurant, and Tifudi, a Thai fusion restaurant. Both leases are modified gross, Taco Loco’s (122 W Whitner) initial term expires on October 31, 2024 and they are currently paying $3,400/month. Tifudi’s (124 W Whitner) lease expires on May 31, 2025 and they are currently paying $3,713. There is an upstairs at 122 W Whitner that is being marketed for $1,650/month. Current gross monthly/yearly income- $7,113/ $85,356 Current Expenses- $6,000/year insurance, Taxes- (122) $7442.18/year, and (124) $9515.96/year = Approx. $22,958.14/year Estimated Current NOI = $62,397.86 Estimated Current Proforma NOI = $82,197.86 These buildings represent a tremendous opportunity to get a buy a piece of a rapidly expanding downtown for investors or owner users a like. Significant upside potential with this property. Call today with any questions or to schedule a showing.