Mixed-Use Estate with Event
For Sale
$1,099,000
105 Marshland Lane, Greer, SC 29650
Flexible accommodations and an on-site gathering area support hospitality, rental, and private-use possibilities subject to applicable approvals.
Property Size7,000 SF
Lot Size1.60 Acres
Price / SF$157
Days on Market49
Property Features for 105 Marshland Lane
General Information
Standard status
Active
Size
7,000 SF
Lot size
1.60 Acres
Property subtype
Mixed Use
Amenities
on-site event space
Fireplace
Forced Air
Natural Gas
Central Air
Electric
Cooktop
Dishwasher
Disposal
Dryer
Microwave
Self Cleaning Oven
Oven
Refrigerator
Washer
Gas Water Heater
Deck, Patio
Building Details
Year Built
2002
Stories
2
Listing Agency:
Century 21 Blackwell & Co
Listed By:
Preston Inglee · License #100294
(864) 596-0400
Source:
Kw
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Blackwell & Co
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Investment Insights
Based on property information with market context.
This approximately 7,000-square-foot mixed-use property occupies a private 1.6-acre parcel in Greer, South Carolina. Built in 2002, the estate includes 9 bedrooms, with 3 offering private en-suite bathrooms and the balance arranged around shared or Jack-and-Jill bath configurations. The layout currently supports month-to-month and VRBO rental activity and offers substantial interior space for flexible occupancy and guest accommodations.
An expansive event area is included on site for weddings, corporate functions, private gatherings, and similar activities, subject to applicable requirements. The property is located near Greenville-Spartanburg International Airport, major roadways, area amenities, and Upstate attractions. Its combination of lodging accommodations, event space, and a sizable private setting creates a distinctive mixed-use configuration for continued rental or hospitality use, subject to applicable approvals and regulations.
An expansive event area is included on site for weddings, corporate functions, private gatherings, and similar activities, subject to applicable requirements. The property is located near Greenville-Spartanburg International Airport, major roadways, area amenities, and Upstate attractions. Its combination of lodging accommodations, event space, and a sizable private setting creates a distinctive mixed-use configuration for continued rental or hospitality use, subject to applicable approvals and regulations.
Key Highlights
- Approximately 7,000‑square‑foot estate on a private 1.6‑acre lot
- 9 bedrooms, including 3 with private en‑suite bathrooms
- Shared and Jack‑and‑Jill bathroom configurations provide flexible accommodation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,450
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,000
$1.4M
Cap Rate 7%
$1,035,000
$1.0M
Cap Rate 9%
$805,000
$805.0K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$126.0K $18.00/SF
− Vacancy
−$10.1K −$1.44/SF
EGI
$115.9K $16.56/SF
− OpEx
−$43.5K −$6.21/SF
NOI
$72.5K $10.35/SF
Area
Greenville County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,000
Cap Rate 7%
$1,035,000
Cap Rate 9%
$805,000
Alternative Uses
Best Use
Mixed Use
$1.04M
$905.6K – $1.21M
NOI $72,450 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$909.2K
$795.5K – $1.06M
NOI $63,641 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,358 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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Business Placement
Demographics for 29650, SC
38,721
Population
17,048
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,151
Density / Sq Mi
$91,640
Median Household Income
$49,567
Median Earnings
$1,344
Median Rent
$332,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible accommodations and an on-site gathering area support hospitality, rental, and private-use possibilities subject to applicable approvals.
Where is this mixed-use property located?
The property is located at 105 Marshland Lane Greer, SC.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Approximately 7,000‑square‑foot estate on a private 1.6‑acre lot; 9 bedrooms, including 3 with private en‑suite bathrooms; Shared and Jack‑and‑Jill bathroom configurations provide flexible accommodation
