Versatile Property Near AnMed
1502 E Greenville St Anderson, SC 29621
For Sale
$925,000
Versatile 4,300 SF property suitable for office or retail.
Property Size4,300 SF
Lot Size0.61 Acres
Price / SF$215.12
Days on Market144
Property Features for 1502 E Greenville St
General Information
Standard status
Active
Size
4,300 SF
Lot size
0.61 Acres
Property subtype
Office
Building Details
Year Built
1976
Listing Agency:
(864) 934-5261
Listed By:
John Wright Jr., CCIM
Source:
Mccoywright
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 28 at 4:12AM
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.
Located on E Greenville St in Anderson, SC, this versatile 4,300 SF property is situated on a 0.61 AC parcel. The property is almost equidistant between AnMed Hospital and AnMed Health Campus, both approximately 1.5 miles away. The location on a corner lot provides great ingress and egress, with access to a signalized intersection. The property could be used as an office with the existing building or redeveloped for retail. The traffic count on E. Greenville is 29,200 VPD.
Key Highlights
- High traffic count: 29,200 vehicles per day on E. Greenville St.
- Excellent accessibility with access to a signalized intersection.
- Versatile property suitable for office or retail redevelopment.
Financial Insights For Office B
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 | $110.4k | $25.68 |
| − Vacancy | −$16.0k | −$3.73 |
| EGI | $94.4k | $21.95 |
| − OpEx | −$23.6k | −$5.49 |
| NOI | $70.8k | $16.46 |
4,300 SF · lease $25.68/SF/yr · vacancy 14.53% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.01M
$884.8K – $1.18M
NOI $70,785 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$46.56M
$40.74M – $54.32M
NOI $3,258,981 @ 7.0% cap · market cap 352.32%
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?
Office building - Versatile 4,300 SF property suitable for office or retail.
Where is this office building located?
The property is located at 1502 E Greenville St Anderson, SC.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: High traffic count: 29,200 vehicles per day on E. Greenville St.; Excellent accessibility with access to a signalized intersection.; Versatile property suitable for office or retail redevelopment.
