Property profile

1202 Cedar Ln Rd Greenville, SC 29617

OFF-MARKET
Investment properties
Property ID
US77-0684245
1,164 SF 0.69 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.63-acre commercial property, located at 1202 Cedar Lane in Greenville, South Carolina, presents a unique investment opportunity. Priced at $600,000, the property boasts a prime location just three miles from downtown Greenville, offering easy access to the city's vibrant core. The C-2 zoning allows for a wide range of potential uses, subject to verification with Greenville County Zoning and Permits. The existing structures include a converted house currently configured with a reception area and four to five offices, providing immediate usable space. In addition to the main building, the property features a one-bay garage, a two-bay garage, a separate shed, and the equivalent of two carports. These structures offer ample storage potential, or could be adapted to suit a variety of business needs. The property's high visibility is further enhanced by its location on a road with a significant average daily traffic count of 15,300 vehicles in 2022, according to SC DOT estimates. This translates to excellent exposure for any business operating from this location. The combination of versatile space, convenient location, and high traffic volume makes this property an attractive prospect for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Total area 1,164 SF
Lot 0.69 ac (29,969 SF)
Zoning code C2
APN 0145.00-07-016.00
UPID US77-0684245

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

1202 Cedar Ln Rd Greenville, SC 29617-2700
Greenville metro Census 2204 GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2024
Last sale
$500,000
1 recorded transaction
2024
$500,000

Zoning & alternative use

C2 · Greenville, SC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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