Retail Building Near AnMed
1504 E Greenville St Anderson, SC 29621
For Sale
$750,000
2,400 SF retail building on 0.52 AC for sale.
Property Size2,400 SF
Lot Size0.52 Acres
Price / SF$312.50
Days on Market144
Property Features for 1504 E Greenville St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.52 Acres
Property subtype
Retail
Building Details
Year Built
1989
Listing Agency:
(864) 934-5261
Listed By:
John Wright Jr., CCIM
Source:
Mccoywright
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 27 at 2:29AM
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 John Wright Jr., CCIM
Investment Insights
Based on property information with market context.
The property is a 2,400-square-foot building situated on a 0.52-acre parcel. It is located on E Greenville St. The location is almost equidistant between AnMed Hospital and AnMed Health Campus, both approximately 1.5 miles away. The traffic count on E. Greenville Street is 29,200 vehicles per day. The building is ideally situated to be repurposed for a drive-thru.
Key Highlights
- High Traffic Count: 29,200 Vehicles Per Day (VPD) on E. Greenville Street
- Prime Location: Equidistant (1.5 miles) between AnMed Hospital and AnMed Health Campus
- Repurposing Potential: Building ideally situated for drive‑thru conversion
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 | $72.0k | $30.00 |
| − Vacancy | −$2.6k | −$1.08 |
| EGI | $69.4k | $28.92 |
| − OpEx | −$20.8k | −$8.68 |
| NOI | $48.6k | $20.24 |
2,400 SF · lease $30.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$694.1K
$607.3K – $809.8K
NOI $48,586 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.99M
$22.74M – $30.32M
NOI $1,818,966 @ 7.0% cap · market cap 242.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - 2,400 SF retail building on 0.52 AC for sale.
Where is this retail property located?
The property is located at 1504 E Greenville St Anderson, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High Traffic Count: 29,200 Vehicles Per Day (VPD) on E. Greenville Street; Prime Location: Equidistant (1.5 miles) between AnMed Hospital and AnMed Health Campus; Repurposing Potential: Building ideally situated for drive‑thru conversion
