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    503 Washington Ave Greenville, SC 29611

    For Sale
    $175,000

    Prime Retail Location, Needs Renovation

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This 0.39-acre commercial property at 503 S Washington Avenue in Greenville, SC, presents a unique investment opportunity. Located minutes from downtown Greenville, the Judson Mill District, and the Village of West Greenville, this property boasts high visibility and convenient access. The existing building, which previously housed a flower shop for over 50 years, requires extensive repairs and is being sold "as is." The sale price is $175,000, and cash offers only will be considered. The property includes a significant advantage with 20 on-site parking spaces, a benefit often lacking in this area. The deep lot provides ample space and includes a one-bedroom apartment and a separate storage facility at the rear, adding to the property's versatility and potential rental income. This property is ideal for an investor or entrepreneur seeking a redevelopment project with significant upside in a rapidly growing area of Greenville. The existing structure offers a solid foundation for a variety of commercial uses, allowing for creative adaptation to meet the needs of a modern business. The combination of location, parking, and additional structures makes this a rare opportunity in the competitive Greenville market. Serious inquiries only.

    Property Features for 503 Washington Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,988 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.43455
    Latitude
    34.82837

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Retail Location, Needs Renovation
    Where is this commercial real estate located?
    The property is located at 503 Washington Ave Greenville, SC.
    What is the asking price?
    The asking price for this property is $175,000.
    (864) 326-5047
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    503 Washington Ave Greenville, SC 29611
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    Greenville, SC 29611
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    Realmo Value Estimation

    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.

    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.

    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
    503 Washington Ave Greenville, SC 29611
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