Greenwood Commercial Property with
120/124 Commerce Circle Greenwood, SC 29646
For Sale
$275,000
COMMERCIAL - Greenwood, SC
Property Size7,067 SF
Lot Size0.76 Acres
Price / SF$38.91
Days on Market145
Property Features for 120/124 Commerce Circle
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- I-1
- Standard status
- Active
- Size
- 7,067 SF
- Lot size
- 0.76 Acres
Building Details
- Year built
- 1962
Listing Agency:
Greenwood Realty Inc.
(864) 388-0202
Listed By:
Renee Simchon
(864) 388-0202
Added: Mar 4
Changed: Jun 8
Last Checked: Jul 27 at 2:06AM
MLS# 137340
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in a well-established commercial area of Greenwood, South Carolina, the property at 120 & 124 Commerce Circle includes two buildings situated on approximately 0.76 acres. The property offers flexibility for multiple business operations or expansion potential. The buildings feature four bay doors and three office spaces, with two located in the primary building and one in the secondary building. Ample on-site parking and yard space support vehicle storage and customer access. The property is suitable for auto repair, body shop, restoration, or light industrial use. A lift and paint booth are included. The property is zoned I-1 and contains 7,067 square feet.
Key Highlights
- Two buildings on 0.76 acres for $275,000.
- Four bay doors suitable for various business operations.
- Includes a lift and paint booth.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $5.28 |
| − Vacancy | −$2.8k | −$0.40 |
| EGI | $34.5k | $4.88 |
| − OpEx | −$12.1k | −$1.71 |
| NOI | $22.4k | $3.17 |
7,067 SF · lease $5.28/SF/yr · vacancy 7.57% · expense 35.00%
Alternative Uses
Best Use
Industrial
$594.7K
$520.4K – $693.8K
NOI $41,628 @ 7.0% cap · market cap 15.14%
Second Best
Retail
$465.7K
$407.5K – $543.3K
NOI $32,596 @ 7.0% cap · market cap 11.85%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,401 @ 7.0% cap · market cap 56.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Grease Monkeys Quick Lube — 120 Bypass 25 SE, Greenwood, SC 29646
- Performance Plus Automotive (Hablamos Español) — 619 US-25, Greenwood, SC 29646
- Professional Automotive & Tire — 120 by-pass 25 se, greenwood, sc 29646
- Walmart Auto Care Centers — 300 Bypass 25 NE, Greenwood, SC 29646
- 🧰 👨🏾🔧Byrd's👨🏾🔧🧰 🚘Mechanic Shop🚗 🧰 — 1307 Lincoln Ave, Greenwood, SC 29646
FAQs
What type of property is this?
Auto shop - Two buildings on 0.76 acres, ideal for auto/industrial use.
Where is this auto shop located?
The property is located at 120/124 Commerce Circle Greenwood, SC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two buildings on 0.76 acres for $275,000.; Four bay doors **suitable for various business operations.**; **Includes a lift and paint booth.**
