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Gas Station Retail Opportunity
For Sale
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Pending

1500 E Greenville St, Anderson, SC 29621

Zoned GC - General Commercial with two access points from E. Greenville Street and Windsor Place.

Property Size843 SF
Days on Market785

Property Features for 1500 E Greenville St

General Information

Standard status Pending
Size 843 SF
Property subtype RETAIL
Zoning GC

Additional Details

Traffic Count 24,800 vehicles/day
Listing Agency: NAI | Charleston
Listed By: Michael S Branch · License #115544
Source: Moodyscre
Added: Jun 7, 2024 Changed: Jul 28 Last Checked: Jul 31 at 8:30AM

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 NAI | Charleston

Investment Insights

Based on property information with market context.

This property is listed for sale as a gas station and retail-focused commercial site, with approximately 843 square feet of space on the premises.

The site is approximately two miles from downtown Anderson and offers two access points via E. Greenville Street and via Windsor Place. Traffic is listed at approximately 24,800 VPD. The property is zoned GC - General Commercial for the City of Anderson.

With frontage and multiple ingress/egress options from major local access points, the configuration is suited for commercial uses contemplated under the existing zoning.

Key Highlights

  • Zoned GC – General Commercial (City of Anderson)
  • Two access points via E. Greenville Street and via Windsor Place
  • Approximately 2 miles from downtown Anderson

Financial Insights For Industrial

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 $57.3k $67.92
− Vacancy −$3.0k −$3.53
EGI $54.3k $64.39
− OpEx −$16.3k −$19.32
NOI $38.0k $45.07
843 SF · lease $67.92/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Industrial
$542.8K
$474.9K – $633.3K (±1% cap)
NOI $37,995 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$243.8K
$213.3K – $284.4K (±1% cap)
NOI $17,066 @ 7.0% cap · market cap 2.84%
Theoretical Best
Multifamily LT 5
$9.13M
$7.99M – $10.65M (±1% cap)
NOI $638,912 @ 7.0% cap · market cap 106.49%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Restaurant Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24,800 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

824
Businesses Nearby

Demographics for 29621, SC

44,601
Population
18,960
Households
2.4
Avg Household Size
41
Median Age
39%
College-Educated
94%
High-School Grad
87.1 sq mi
ZIP Area
512
Density / Sq Mi
$71,446
Median Household Income
$41,773
Median Earnings
$1,023
Median Rent
$252,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Gas station - Zoned GC - General Commercial with two access points from E. Greenville Street and Windsor Place.
Where is this gas station located?
The property is located at 1500 E Greenville St Anderson, SC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Zoned GC – General Commercial (City of Anderson); Two access points via E. Greenville Street and via Windsor Place; Approximately 2 miles from downtown Anderson
(843) 224-3768 Call to check price and availability
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