One of Rock Hill’s long-time retail sites has been sold.
Kmart Plaza, almost 90,000 square feet of retail space at Cherry and Anderson roads, sold for $6 million. Madison Capital out of Charlotte was the buyer.
“With nine bids on this listing, we were able to drive a competitive process to deliver a credible alternative use buyer for our seller at attractive pricing and terms,” said Marc Ozburn with marketing group Berkeley Capital Advisors.
Kmart, a holding of Sears Holdings, Corp., has been open for decades in Rock Hill. The nearest Kmart stores to Rock Hill are in Columbia, Greenville and Statesville, N.C.
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York County records show the site was sold Sept. 26. The buyer is in the storage business, and the 10-acre site could be redeveloped as self storage and outparcel use.