Industrial Facility Near Downtown
For Sale
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108 Pennsylvania Avenue, Greer, SC 29650
105,000 SF industrial facility near I-85 and downtown Greer.
Property Size105,000 SF
Price / SF$50
Days on Market155
Property Features for 108 Pennsylvania Avenue
General Information
Standard status
Active
Size
105,000 SF
Property subtype
Industrial
Zoning
Commercial
Lease Type
NNN
Building Details
Year Built
1955
Year Renovated
2025
Listing Agency:
Lyons Industrial Properties
Listed By:
Bobby Lyons · License #SC 18212
(864) 583-0094
Source:
Crexi
Added: May 13
Changed: Oct 12
Last Checked: Oct 12 at 7:57PM
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 Lyons Industrial Properties
Investment Insights
Based on property information with market context.
This industrial facility offers approximately 105,000 square feet of space and is located within walking distance of downtown Greer. The property features an FDA-compliant, food-grade area suitable for food processing, packaging, or storage. Situated along the I-85 corridor between Greenville/Spartanburg and Charlotte, it provides convenient access to major roadways and destinations, including I-85, the Inland Port of Greer, and the Greenville-Spartanburg International Airport. The property is suitable for retail, commercial, industrial, or office use.
Key Highlights
- ±105,000 SF Industrial Facility
- FDA‑compliant food grade area available
- Located within walking distance from downtown Greer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$404,629
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,092,580
$8.1M
Cap Rate 7%
$5,780,414
$5.8M
Cap Rate 9%
$4,495,878
$4.5M
Market Conditions
NOI Build-Up for 105,000 SF
Gross rent
$631.1K $6.01/SF
− Vacancy
−$53.0K −$0.50/SF
EGI
$578.0K $5.51/SF
− OpEx
−$173.4K −$1.65/SF
NOI
$404.6K $3.85/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,092,580
Cap Rate 7%
$5,780,414
Cap Rate 9%
$4,495,878
Alternative Uses
Best Use
Retail
$22.23M
$19.45M – $25.93M
NOI $1,555,954 @ 7.0% cap · market cap 29.64%
Second Best
Warehouse
$7.02M
$6.14M – $8.19M
NOI $491,336 @ 7.0% cap · market cap 9.36%
Theoretical Best
Office A
$44.86M
$39.25M – $52.34M
NOI $3,140,370 @ 7.0% cap · market cap 59.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - 105,000 SF industrial facility near I-85 and downtown Greer.
Where is this industrial property located?
The property is located at 108 Pennsylvania Avenue Greer, SC.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: ±105,000 SF Industrial Facility; FDA‑compliant food grade area available; Located within walking distance from downtown Greer
