Retail Property on Pleasantburg
For Sale
Contact for pricing
298 S Pleasantburg Dr, Greenville, SC
Retail property with high visibility and traffic count.
Property Size1,600 SF
Lot Size0.42 Acres
Price / SF$374.38
Days on Market505
Property Features for 298 S Pleasantburg Dr
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.42 Acres
Property subtype
RETAIL
Listing Agency:
Spencer/Hines Properties
(864) 313-4815
Listed By:
Bobby Hines · License #58750
(864) 313-4815
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:15AM
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 Spencer/Hines Properties
Investment Insights
Based on property information with market context.
The property features a building with a size of approximately 1,600 square feet, situated on a site of about 0.44 acres. It benefits from a signalized corner location, providing easy access and high visibility. The site has approximately 125 feet of frontage on S. Pleasantburg Drive, with a traffic count of about 38,300 vehicles per day directly in front of the location. The property is zoned MX-3 within the City of Greenville and identified by Tax Map # 0266000101106.
Key Highlights
- Signalized corner location offers easy access and excellent visibility.
- High traffic volume: ±38,300 VPD directly in front of the site.
- Benefit from ±125’ frontage on S. Pleasantburg Drive.
Financial Insights For Retail
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 | $35.1k | $21.96 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $33.9k | $21.17 |
| − OpEx | −$10.2k | −$6.35 |
| NOI | $23.7k | $14.82 |
1,600 SF · lease $21.96/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$338.7K
$296.4K – $395.2K
NOI $23,710 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$683.6K
$598.2K – $797.6K
NOI $47,853 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
143k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 35%
Dining 20%
Home Improvements & Furnishings 2%
Publix
Groceries
37,889 visits/mo
0.2 miles
The Fresh Market
Groceries
23,242 visits/mo
0.5 miles
Spinx
Shops & Services
17,551 visits/mo
0.4 miles
Burger King
Dining
8,109 visits/mo
0.2 miles
Smoothie King
Dining
6,435 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Greenville, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Joyful Arrangements — 307 trails end, greenville, sc 29607
- Antheia's Floral Designs — 16 Lindsay Ave, Greenville, SC 29607
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property with high visibility and traffic count.
Where is this storefront property located?
The property is located at 298 S Pleasantburg Dr Greenville, SC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Signalized corner location offers easy access and excellent visibility.; High traffic volume: ±38,300 VPD directly in front of the site.; Benefit from ±125’ frontage on S. Pleasantburg Drive.
