In commercial real estate, location can be one of the most valuable assets a business owns. A visible, accessible location can support brand recognition, provide convenience for clients, and contribute to the long-term appeal of a property. At 1201 North Fant Street in Anderson, South Carolina, business owners and commercial investors have an opportunity to acquire an extensively renovated, approximately 1,467-square-foot professional office building along one of Anderson's established medical and professional-services corridors.
Situated on approximately 0.27 acre near AnMed Medical Center, this one-story property offers a combination of high-visibility road exposure, flexible office space, and potential income-producing investment value.
A High-Visibility Location with Approximately 10,700 Vehicles Per Day
One of the most compelling features of 1201 North Fant Street is its location along a four-lane commercial corridor.
According to the South Carolina Department of Transportation's 2024 traffic data, the North Fant Street segment between East Mauldin Street and East Greenville Street carries an estimated 10,700 vehicles per day, measured by annual average daily traffic (AADT).
For a relatively compact office building, that represents an attractive opportunity for business exposure.
Unlike offices located deep within commercial parks or behind larger retail developments, a property with direct frontage along a traveled roadway may offer additional opportunities for recognition, directional convenience, and business signage, subject to applicable regulations.
For accountants, attorneys, insurance professionals, financial advisors, consultants, real estate firms, and other service providers, visibility can reinforce brand recognition among motorists who regularly travel the corridor.
The location is also convenient to AnMed Medical Center and the surrounding concentration of medical offices, healthcare-related businesses, and professional services.
The property's combination of approximately 1,467 square feet and a high-visibility commercial location allows a smaller professional practice to benefit from road exposure without requiring a large commercial footprint.
A Renovated Office Building with Professional Flexibility
Originally constructed as a duplex in the 1960s, the building has been combined into one unified professional office environment.
Its history includes use as a spa and, more recently, as the offices of The Alliances Business Solutions.
The building has undergone extensive improvements, including attractive interior paint, upgraded lighting, Cat 5 network wiring, replacement windows installed approximately ten years ago, and a new HVAC system.
Its floor plan includes reception space, two conference rooms or offices with French doors, two large private offices, two break rooms, two storage vestibules, and laundry connections.
One bathroom also retains a bathtub, providing additional flexibility for certain business operations.
The reception arrangement may potentially be adapted to accommodate two separate reception functions.
For businesses seeking move-in-ready commercial office space in Anderson, this existing configuration could reduce the need for substantial initial remodeling.
An Opportunity for Investors Seeking Rental Income
While 1201 North Fant Street could serve as an excellent owner-occupied professional office, it also deserves consideration as a commercial rental investment.
For investors interested in acquiring smaller income-producing properties in Anderson County, the building offers several attractive characteristics: an established commercial location, recent improvements, professional office configuration, and visibility along a heavily traveled roadway.
A preliminary review of advertised office lease rates in Anderson suggests investigating annual rental rates in the range of approximately $14 to $18 per square foot.
Using the property's reported 1,467 square feet, that produces the following potential scheduled rental income:
Rental rate | Monthly income | Annual income |
|---|---|---|
$14 per square foot | $1,712 | $20,538 |
$16 per square foot | $1,956 | $23,472 |
$18 per square foot | $2,201 | $26,406 |
These figures are estimates for investment evaluation rather than verified achievable rents.
Understanding Net Operating Income and Capitalization Rates
When evaluating an investment property, rental income is only part of the equation.
A commercial investor should consider property taxes, insurance, maintenance, management, vacancy, reserves, and the responsibilities assigned to the landlord and tenant under the lease.
Based on a hypothetical annual rental rate of $16 per square foot, a 5% vacancy allowance, an additional 20% operating-expense allowance applied to effective rental income, and the reported 2025 property taxes of approximately $4,880, the property could produce an illustrative annual net operating income of approximately $12,959.
The capitalization rate, or cap rate, is calculated by dividing net operating income by the purchase price.
At a hypothetical acquisition price of $250,000, that estimated NOI would represent a capitalization rate of approximately 5.18%.
At $225,000, the same projected income would produce a cap rate of approximately 5.76%.
At $275,000, the projected cap rate would decline to approximately 4.71%.
These examples demonstrate why purchase price, lease terms, and operating expenses are so important when evaluating commercial investments.
A triple-net lease arrangement, under which the tenant reimburses certain operating expenses, could create a different financial result from a traditional gross lease. Investors should evaluate each structure carefully.
Could This Building Support More Than One Tenant?
Because the property originated as a duplex, an investor might also explore whether its configuration could be adapted for separate professional tenants.
While it currently functions as one unified office, the existing reception arrangement and multiple office spaces may offer possibilities for future subdivision.
Any such plan would require verification of zoning, permitted occupancy, building and fire codes, utilities, parking, accessibility, and construction requirements.
An Opportunity for Business Owners and Investors
For an owner-occupant, purchasing 1201 North Fant Street could provide long-term control of a professional business location, an opportunity to build equity, and an established commercial address near AnMed.
For an investor, the building presents an opportunity to examine potential rental income, tenant demand, and long-term investment value in an established Anderson commercial corridor.
The property's renovations, adaptable floor plan, and road exposure are important considerations for both types of buyers.
Schedule a Private Tour of 1201 North Fant Street
Whether you are searching for a professional office near AnMed Medical Center, a high-visibility commercial property in Anderson, or a smaller income-producing real estate investment, I welcome the opportunity to help you explore this property.
As a Realtor with Locke & Key Associates at Keller Williams Western Upstate, I work with buyers and sellers throughout Anderson and the South Carolina Upstate, helping them evaluate opportunities in both residential and commercial real estate.
Contact David Locke to learn more about 1201 North Fant Street, Anderson, SC 29621, and arrange a private showing at 864-940-0575.
Traffic data: SCDOT 2024 AADT, Station 375, North Fant Street corridor. Property characteristics are based on supplied public-record and owner information. Square footage, permitted uses, traffic exposure, rental potential, operating expenses, and financial projections should be independently verified. Investment examples are illustrative and do not constitute a guarantee of return.
