Retail Building Near AnMed
For Sale
$750,000
1504 E Greenville St, Anderson, SC 29621
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 Market223
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
Building Size
2,400 SF
Year Built
1989
Listed By:
John Wright Jr., CCIM
(864) 934-5261
Source:
Mccoywright
Added: Mar 6
Changed: Oct 1
Last Checked: Oct 14 at 8:50PM
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
Estimated NOI and Cap Rate
NOI / Yr
$48,586
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,720
$971.7K
Cap Rate 7%
$694,086
$694.1K
Cap Rate 9%
$539,844
$539.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$72.0K $30.00/SF
− Vacancy
−$2.6K −$1.08/SF
EGI
$69.4K $28.92/SF
− OpEx
−$20.8K −$8.68/SF
NOI
$48.6K $20.24/SF
Area
Anderson County, SC
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,720
Cap Rate 7%
$694,086
Cap Rate 9%
$539,844
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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
