The Village Center: 22,311 +/- SF Retail Center located at 903-945 Chestnut Street in the City of Orangeburg. Excellent Mix of National, Regional and Local Tenants. 2.80 +/- Acres w/4 Points of Ingress & Egress, 175 + Parking Spaces, Pylon Sign & More! 23,200 VPD on Chestnut. Sale includes 2 Additional Sites(0.27 +/- Acres Each) Suitable for Expansion of Leasable Square Footage. Call Cal for Financials and Details.
• Excellent Mix of National, Regional and Local Tenants
• Central Location within the City of Orangeburg with Traffic Counts of 23,200 Vehicles Per Day on Chestnut & 16,600 Vehicles Per Day on St. Matthews Road per SCDOT 2018 Traffic Study.
• 175 + Parking Spaces ● Partial Resurfacing of Parking Lot and Entire Parking Lot Resealed & Re-Striped in June 2019
• Pylon Sign
• 4 Points of Ingress & Egress ● Chestnut Street, Ellis Avenue,
George Street and Public Street
• Sale includes 2 Additional Sites(0.27 +/- Acres Each) Suitable for Expansion of Leasable Square Footage
• The City of Orangeburg’s Department of Public Utilities serves the property with City Sewer, Water, Electric & Gas.
• Property has been well maintained over the years with Recent Improvements to: the Roof, Exterior Painting, Replacement of HVAC Units as needed, Parking Lot Repairs,
New Main Panel in Pylon Sign and More.
The primary trade area population of the Greater Orangeburg Area (5 +/- Mile Radius) is estimated to be 54,990, a figure which includes more than half the residential population of Orangeburg County. It should be noted that the daytime population of the primary trade area is likely higher than this number. (Numbers are per a market study completed in June 2014 – Full Report is Available if needed).
903 – 945 Chestnut Street
Orangeburg, SC 29115
YEAR BUILT: 1980s
LEASED: 94% **
LEASE TYPE: Gross
# OF UNITS: 13 plus Storage Room
SQUARE FOOTAGE: 22,311 +/- SF
LAND AREA: 2.80 +/- Acres
CAP RATE: 7.5 %
SCHEDULED INCOME: $212,000
PROJECTED EXPENSES: $74,000
PROJECTED NET OPERATING INCOME: $138,000
AVERAGE RENT/SF: $9.50
PROJECTED PROPERTY TAXES: $35,691
TAX MAP #: 0173-06-07-002-000
** In Process of Several Lease Renewals
Demographics, Employment Numbers and Other Information is Available.