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Industrial Facility Near Downtown Greer

108 Pennsylvania Avenue Greer, SC 29650

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105,000 SF industrial facility near I-85 and downtown Greer.

Type:Industrial
Property size:
105,000 SF
Price / SF:
$50/SF
Added:
May 13, 2026
Days on Market:
62
Last Refresh:
Jun 23 at 12:53 am

Property Features for 108 Pennsylvania Avenue

General Information

Standard status
Active
Size
105,000 SF
Property subtype
Industrial

Building Details

Year Built
1955

Listing office Lyons Industrial Properties

Listing date May 13, 2026

Source Crexi

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

Local Financial Insights For Industrial

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 $631.1k $6.01
− Vacancy −$53.0k −$0.50
EGI $578.0k $5.51
− OpEx −$173.4k −$1.65
NOI $404.6k $3.85
105,000 SF · lease $6.01/SF/yr · vacancy 8.40% · expense 30.00%

Alternative Uses

Best Use
Retail
$22.23M
$19.45M – $25.93M (±1% cap)
NOI $1,555,954 @ 7.0% cap · market cap 29.64%
Second Best
Warehouse
$7.02M
$6.14M – $8.19M (±1% cap)
NOI $491,336 @ 7.0% cap · market cap 9.36%
Theoretical Best
Office A
$44.86M
$39.25M – $52.34M (±1% cap)
NOI $3,140,370 @ 7.0% cap · market cap 59.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ultra Pak Business Related

Suggested Use

Building Supply Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop

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

FAQs

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
Contact an agent
(864) 583-0094 Call to check price and availability
More about this property
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