Mixed-Use Corner
New
For Sale
$8,500,000
302 W Washington Street, Greenville, SC 29601
Five contiguous parcels combine existing improvements with flexibility for office, institutional, warehouse, or adaptive reuse applications.
Property Size58,662 SF
Lot Size2.07 Acres
Price / SF$144.90
Days on Market2
Property Features for 302 W Washington Street
General Information
Standard status
Active
Size
58,662 SF
Lot size
2.07 Acres
Additional Details
Road Access
Yes
Land Use
office, institutional, warehouse, mixed-use
Listing Agency:
(864) 420-4295
Listed By:
Megan Enlow
(864) 420-4295
Source:
Bonafiderealtysc.idxbroker
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 4:22PM
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 Megan Enlow
Investment Insights
Based on property information with market context.
This mixed-use property comprises a 2.07-acre corner assemblage of five contiguous parcels with approximately 58,662 square feet of existing improvements. The site offers flexibility for office, institutional, warehouse, or adaptive reuse applications, along with potential for future redevelopment.
The property has frontage along Academy Street and West Washington Street in Downtown Greenville, positioned between Heritage Green, the West End, and the North Main corridor. Its prominent corner placement and existing improvements support a range of commercial and institutional configurations within an established urban setting.
The property has frontage along Academy Street and West Washington Street in Downtown Greenville, positioned between Heritage Green, the West End, and the North Main corridor. Its prominent corner placement and existing improvements support a range of commercial and institutional configurations within an established urban setting.
Key Highlights
- 2.07‑acre corner assemblage comprising five contiguous parcels
- Approximately 58,662 square feet of existing improvements
- Frontage along Academy Street and West Washington Street
Financial Insights For Mixed Use
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 | $1.06M | $18.00 |
| − Vacancy | −$84.5k | −$1.44 |
| EGI | $971.4k | $16.56 |
| − OpEx | −$364.3k | −$6.21 |
| NOI | $607.2k | $10.35 |
58,662 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$12.89M
$11.28M – $15.04M
NOI $902,175 @ 7.0% cap · market cap 10.61%
Second Best
Mixed Use
$8.67M
$7.59M – $10.12M
NOI $607,152 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$25.06M
$21.93M – $29.24M
NOI $1,754,480 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 29601, SC
13,261
Population
8,067
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
3,157
Density / Sq Mi
$73,321
Median Household Income
$55,727
Median Earnings
$1,406
Median Rent
$583,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Greenville County
Vacancy Rate% for Office in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five contiguous parcels combine existing improvements with flexibility for office, institutional, warehouse, or adaptive reuse applications.
Where is this mixed-use property located?
The property is located at 302 W Washington Street Greenville, SC.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 2.07‑acre corner assemblage comprising five contiguous parcels; Approximately 58,662 square feet of existing improvements; Frontage along Academy Street and West Washington Street
