511 S Church ST Pending Save Request In-Person Tour Request Virtual Tour
Lake City,SC 29560
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Pending
Purchase Type For Sale
Square Footage 462,171 sqft
Price per Sqft $6
MLS Listing ID 31001974
Year Built 1974
Lot Size 10.610 Acres
Property Sub-Type Industrial
Property Description
511 South Church Street located in Lake City, SC is a highly desirable single-tenant industrial opportunity that offers investors a stable and consistent income stream with the potential for long-term appreciation. The property is situated on 10.61 acres of land and consists of two buildings, a 60,000 SF building, and a 41,600 SF building. The property is located adjacent to the CSX rail, providing convenient access to transportation networks, including highways and rail lines. Tenant is provider to Nan Ya facility in Lake CIty.This location makes it an ideal location for warehouse, logistics and distribution companies, which are in high demand in the Florence market. Currently, the property is approximately 50% below market rents in the greater Florence market, which presents a unique opportunity for investors to increase the property's value through rent increases. The market has experienced an 11.5% increase in annual rent every year, which is a testament to the strong demand for industrial properties in the area. The property is also well-maintained and in excellent condition, with modern amenities and features that make it attractive to tenants.
Location
State SC
County Florence