Full City Block Rehab or Adaptive Reuse 4 Bien de détail Vente aux enchères en ligne Lancaster, SC
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- This full-block commercial portfolio in downtown Lancaster offers a versatile blank canvas for a rehabilitation or adaptive reuse project.
- Retail vacancies are just 3%, with rental rates rising 2.5% annually, underscoring strong fundamentals for value-add investors.
- These classic buildings are a downtown landmark with 10,000+ daily passing vehicles and walkable access to shops, restaurants, and services.
- Lancaster County’s population has grown 10% since 2020, with another 16% projected by 2029, driving long-term demand for space.
- Not subject to zoning or land use regulations, the site allows for unlimited adaptive reuse and flexible redevelopment strategies.
- Over 56,000 nearby residents spent $641M in 2024, offering a strong customer base and workforce for retail and office tenants alike.
RÉSUMÉ ANALYTIQUE
Shape the future of one of South Carolina’s fastest-growing counties with this portfolio comprising a full block of versatile commercial space in the heart of downtown Lancaster. The offer provides a total of 103,439 square feet on ±1.7 acres located at 116 W Arch Street, 210 S White Street, and 209-227 & 209 S Main Street. Currently vacant and in need of renovation, this rare opportunity provides a blank canvas for developing investors to create a vibrant new mixed-use destination in this growing investment market.
The buildings are 1930s vintage and have historically been utilized as retail or office space. There is potential for a value-add rehabilitation project, returning the space to an operable condition and leveraging the growing demand for retail and office space in Lancaster County. Currently, retail vacancies sit at just 3%, and general retail properties have demonstrated a 2.5% increase in rental rates year-over-year, while rental rates for office properties have grown by 1.8%. Additionally, Lancaster County’s comprehensive plan includes these properties within the municipality designation, removing any zoning or land use regulations and providing limitless opportunities for adaptive reuse.
This easily accessible location is the perfect site for a new investment, sitting just off Highway 521 and five minutes from the intersection with Highway 9. This confluence is the primary retail node of the region, placing businesses at the subject properties with convenient proximity to national retailers, including Belk, CVS, Food Lion, Aldi, Arby’s, Bojangles, and many more. The walkable streets of downtown Lancaster also provide convenient proximity to popular local restaurants, boutique shops, and vital local infrastructure, including the Lancaster County Administration Building and the Lancaster County Courthouse. These underutilized properties are well-known fixtures of the downtown area, seen by more than 10,000 vehicles passing on the surrounding streets each day.
Lancaster County has emerged as one of the fastest-growing counties in the state and the greater US, with significant growth in jobs, housing, and population. Within 10 miles of the portfolio, the population of over 56,000 has grown by 10% since 2020, with forecasts expecting an increase of an additional 16% by 2029. These residents delivered consumer spending of more than $641 million during 2024, lending a robust customer base to retail ventures and a skilled workforce to office tenants.
Offering a blank canvas commercial portfolio in a prime location with limitless possibilities for rehabilitation or adaptive reuse projects, the portfolio of 116 W Arch Street, 210 S White Street, and 209-227 & 209 S Main Street delivers unmatched potential for growth in a highly desirable market.
The buildings are 1930s vintage and have historically been utilized as retail or office space. There is potential for a value-add rehabilitation project, returning the space to an operable condition and leveraging the growing demand for retail and office space in Lancaster County. Currently, retail vacancies sit at just 3%, and general retail properties have demonstrated a 2.5% increase in rental rates year-over-year, while rental rates for office properties have grown by 1.8%. Additionally, Lancaster County’s comprehensive plan includes these properties within the municipality designation, removing any zoning or land use regulations and providing limitless opportunities for adaptive reuse.
This easily accessible location is the perfect site for a new investment, sitting just off Highway 521 and five minutes from the intersection with Highway 9. This confluence is the primary retail node of the region, placing businesses at the subject properties with convenient proximity to national retailers, including Belk, CVS, Food Lion, Aldi, Arby’s, Bojangles, and many more. The walkable streets of downtown Lancaster also provide convenient proximity to popular local restaurants, boutique shops, and vital local infrastructure, including the Lancaster County Administration Building and the Lancaster County Courthouse. These underutilized properties are well-known fixtures of the downtown area, seen by more than 10,000 vehicles passing on the surrounding streets each day.
Lancaster County has emerged as one of the fastest-growing counties in the state and the greater US, with significant growth in jobs, housing, and population. Within 10 miles of the portfolio, the population of over 56,000 has grown by 10% since 2020, with forecasts expecting an increase of an additional 16% by 2029. These residents delivered consumer spending of more than $641 million during 2024, lending a robust customer base to retail ventures and a skilled workforce to office tenants.
Offering a blank canvas commercial portfolio in a prime location with limitless possibilities for rehabilitation or adaptive reuse projects, the portfolio of 116 W Arch Street, 210 S White Street, and 209-227 & 209 S Main Street delivers unmatched potential for growth in a highly desirable market.
MÉMORANDUM D’INFORMATION Cliquez ici pour accéder à
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
- Market Information
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
ANALYSES DU MARCHÉ Cliquez ici pour accéder à
$99,999
Valeur de l’actif
$99,999
Volume de ventes sur 12 mois
Volume de ventes sur 12 mois
Total
Le plus bas
Le plus élevé
Transactions
999
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-
Volume des ventes
$99,999
$99,999
$99,999
Biens vendus
999
-
-
Ayant fait l’objet d’une transaction pi²
999
999
999
Moyenne pi²
999
999
999
9.9%
Taux de capitalisation du marché
9.9%
Variation du prix de vente du marché/par pi² (en glissement annuel))
Prix des ventes sur 12 mois
Moyenne
Le plus bas
Le plus élevé
Marché
Taux de capitalisation
9.9%
9.9%
9.9%
9.9%
Prix de vente/pi²
$99,999
$99,999
$99,999
$99,999
Prix de vente
$99,999
$99,999
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-
Prix de vente par rapport au prix affiché
-9.9%
-9.9%
-9.9%
-
% loué à la vente
9.9%
9.9%
9.9%
-
Prix de vente du marché par pi²
Charlotte - NC USA
Taux de capitalisation du marché
Charlotte - NC USA
Prix de vente du marché par pi² par nb d’étoiles
1 - 2 Étoile
3 Étoile
4 - 5 Étoile
Taux de capitalisation du marché par nb d’étoiles
1 - 2 Étoile
3 Étoile
4 - 5 Étoile
Prix de vente du marché par répartition des pi²
Répartition du taux de capitalisation du marché
INFORMATIONS SUR L’IMMEUBLE
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 4 |
| Surface totale de l’immeuble | 9 610 m² |
| Surface totale du terrain | 0,71 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION |
|---|---|---|---|
| 209-227 S Main St, Lancaster, SC 29720 | Local commercial | 3 023 m² | 1905 |
| 116 W Arch St, Lancaster, SC 29720 | Local commercial | 2 735 m² | 1930 |
| 210 S White St, Lancaster, SC 29720 | Local commercial | 2 067 m² | 1945 |
| 229 S Main St, Lancaster, SC 29720 | Local commercial | 1 784 m² | 1936 |
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CONSEILLER EN VENTE
CONSEILLER EN VENTE
Todd Little, Managing Director & Sr. Broker
(803) 610-1540
Contact
Todd Little est courtier immobilier commercial et commercial chez NewLeaf. Après avoir passé près de dix ans à acheter et à vendre personnellement des entreprises et des immeubles de placement, Todd a réorienté sa carrière pour aider les autres à atteindre les mêmes objectifs. Todd apporte à ses clients une combinaison unique d'expérience en matière de direction d'entreprise et de propriété d'entreprise principale. Il comprend les émotions et les défis associés à la vente de propriétés commerciales et de petites entreprises. Todd promet de représenter ses clients avec les plus hauts niveaux de professionnalisme, d'intégrité et de concentration. Son objectif principal est d'aider ses clients à réussir dans tous leurs projets immobiliers commerciaux et commerciaux. Todd a obtenu son MBA et son B.E. à l'université de Villanova, où il a obtenu son diplôme avec distinction. Il vit à Lake Wylie, en Caroline du Sud, avec sa femme et ses deux enfants. Dans ses temps libres, Todd aime faire du bateau sur le lac et faire des excursions à la plage avec sa famille.
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CONTACT POUR LES ENCHÈRES
Pace Zambito
Contact
Licence du commissaire-priseur :
Ten-X Samantha Kristine Corbat RE Brkr 21233. Ten-X Auction Firm 4085. Arlene Richardson Auctioneer 4820
