Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    429 N Main St Greenville, SC 29601

    View on Map
    Sponsored
    For Sale
    $4,200,000

    Prime 1.2-acre lot, ideal for high-density development. Triple road frontage, walkable location.

    Property size:
    52,300 SF

    Property Features for 429 N Main St

    General Information

    Property type
    Industrial land
    Square Feet
    52,300 SF
    Price / Square Foot
    $80
    Elevators
    N/A
    Lot Size
    52,272 SF

    Overview

    Downtown Greenville Redevelopment Opportunity

    This 1.2-acre site is located in Downtown Greenville, South Carolina. The property has triple road frontage on N Main Street, Academy Street, and Townes Street, providing exceptional visibility. Its MXS-D zoning allows for a variety of uses and encourages high-density development. The location is walkable, with access to downtown restaurants, retailers, parks, events, and entertainment venues. The property is near the Blue Ridge Mountains and one block from the new Cultural Corridor Project, across the street from McPherson Park. The property is suitable for high-density development.

    We can help!

    Listing Contact
    Chandler Ayers

    Learn more

    Property Insight Report

    HighLights

    • Prime 1.2‑acre downtown Greenville site, ideal for high‑density development.
    • $4,200,000 asking price for this triple road frontage property.
    • Highly desirable MXS‑D zoning allows diverse development options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Safe Harbor Charitable Organization Lutheran Hospice Nursing Home Bewell Home Services-Greenville Home Health Care Service Graduate Greenville Training Center

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    State
    South Carolina
    Longitude
    -82.396754
    Latitude
    34.856945

    Nearby Similar for Sale

    • New
      $999,000
      8,550 SF

      Versatile Flex Industrial/Commercial Property

      8,550 SF flex building in Greenville's Donaldson Center area.
      7 Akron Dr, Greenville, SC 29605
      View Details
    • $379,900
      1,600 SF

      Retail Building Near Wade Hampton

      Retail building with parking in high-traffic Greenville location.
      1 Elizabeth Dr, Greenville, SC 29615
      View Details
    • $895,000
      0.25 Acres

      Greenville Office For Sale

      Office property available for purchase in Greenville, South Carolina.
      204 Mills Ave, Greenville, SC 29605
      View Details
    • $950,000
      0.35 Acres

      Greenville Office Near Medical Facilities

      Premium office space with subdivision potential near Prisma Health.
      101 Chapman St, Greenville, SC 29605
      View Details
    • $1,000,000
      0.33 Acres

      Renovated Mixed-Use Property Near Downtown

      Charming, renovated property with development potential near downtown Greenville.
      317 W Stone Ave, Greenville, SC 29609
      View Details
    • $484,900
      0.11 Acres

      New Construction Duplex Near Downtown

      New construction duplex near downtown Greenville, move-in ready April 2026.
      19 Scott St, Greenville, SC 29611
      View Details
    • $687,000
      1.07 Acres

      Mixed-Use Commercial Property on Highway

      Mixed-use commercial property on 1.07 acres with highway frontage.
      2821 Poinsett Hwy, Greenville, SC 29609
      View Details
    • $369,900

      Updated Duplex Near Downtown Greenville

      Updated duplex with rental income potential near downtown Greenville.
      622 Perry Rd, Greenville, SC 29609
      View Details
    • $450,000
      0.17 Acres

      Duplex Near Downtown Greenville

      Well-maintained duplex near downtown and Unity Park.
      907 Hampton Avenue Ext, Greenville, SC 29601
      View Details
    • $369,900

      Updated Duplex Near Swamp Rabbit

      Updated duplex near downtown Greenville, offering investment or owner-occupancy.
      622 Perry Rd, Greenville, SC 29609
      View Details
    • Contact for pricing
      0.44 Acres

      Professional Office Suite on Pelham

      First floor office suite available for sublease through February 2029.
      330B Pelham Rd, Greenville, SC 29615
      View Details
    • New
      $300,000
      0.43 Acres

      Greenville Duplex Investment Opportunity

      Well-maintained duplex near downtown Greenville with income potential.
      32 Bagwell Cir, Greenville, SC 29605
      View Details

    FAQs

    What type of property is this?
    Industrial land - Prime 1.2-acre lot, ideal for high-density development. Triple road frontage, walkable location.
    Where is this industrial land located?
    The property is located at 429 N Main St Greenville, SC.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Prime 1.2-acre downtown Greenville site, ideal for high-density development.; $4,200,000 asking price for this triple road frontage property.; Highly desirable MXS-D zoning allows diverse development options.
    (864) 201-2221
    Request Owner's contact information
    429 N Main St Greenville, SC 29601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    429 N Main St
    Greenville, SC 29601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    429 N Main St Greenville, SC 29601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chandler Ayers
    (864) 201-2221
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!