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    1701 Old Grove Rd Piedmont, SC 29673

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    For Sale
    Contact for pricing

    Multi-tenant distribution facility in Augusta Grove Business Park.

    Property size:
    336,850 SF
    Lot size:
    611.19 Acres

    Property Features for 1701 Old Grove Rd

    General Information

    Size
    336,850 SF
    Lot size
    611.19 Acres

    Source: JLL | Charlotte Agent Peter Pittroff, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Distribution Facility

    The property is a Class A, 336,850 square foot multi-tenant distribution facility. It is located within the 1,100-acre Augusta Grove Business Park in Piedmont, South Carolina. The rear-load facility is of institutional quality and constructed of tilt-up concrete, designed to accommodate various tenant uses. The property is currently 85% leased to two tenants, with a weighted average lease term (WALT) of 5.9 years. The leases include weighted average escalations of 3.63%. The property's existing first-generation vacancy provides a value-add opportunity. The property is located less than two miles from I-185, providing access to Greenville-Spartanburg's industrial demand drivers, including Inland Port Greer, the BMW U.S. manufacturing campus, and Greenville-Spartanburg International Airport (GSP). It also benefits from immediate access to I-85, the industrial backbone of the Southeast.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Food Market Accounting Firm Bar & Pub Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Piedmont
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.407556
    Latitude
    34.732529

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    FAQs

    What type of property is this?
    Distribution center - Multi-tenant distribution facility in Augusta Grove Business Park.
    Where is this distribution center located?
    The property is located at 1701 Old Grove Rd Piedmont, SC.
    What are key features of this property?
    This property features: - Class A, 336,850 SF multi-tenant distribution facility.; - Located in Augusta Grove Business Park, Piedmont, South Carolina.; - 85% leased with 5.9 years Weighted Average Lease Term (WALT).
    (704) 927-3012
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    1701 Old Grove Rd Piedmont, SC 29673
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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
    1701 Old Grove Rd Piedmont, SC 29673
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