Industrial Flex Parcel
New
For Sale
$8,500,000
302 W Washington Street, Greenville, SC 29601
COMMERCIAL - Greenville, SC
Property Size58,662 SF
Lot Size2.07 Acres
Price / SF$144.90
Days on Market4
Property Features for 302 W Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
075
Standard status
Active
APN
0015.00-01-022.00
Lot size
2.07 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Flooring type
Linoleum, Tile, Carpet, Concrete
Building materials
Block, Brick
Listing Agency:
Joy Real Estate
(864) 297-3111
Listed By:
Autumn Bishop
(864) 357-9815
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 9:06PM
MLS# 1599007
Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial flex parcel assemblage is positioned on a prominent 2.07-acre corner site and includes five contiguous parcels sold together. The property features approximately 58,662 square feet of existing improvements and offers frontage along Academy Street and West Washington Street.
The offering is located in Downtown Greenville, with proximity to Heritage Green, the West End, and the North Main corridor. The existing layout can support multiple uses, including office, institutional, warehouse, or adaptive reuse, depending on the intended concept and buildout.
With a contiguous configuration of parcels and street frontage on two sides, the site is well suited for users seeking flexibility within a single acquisition.
The offering is located in Downtown Greenville, with proximity to Heritage Green, the West End, and the North Main corridor. The existing layout can support multiple uses, including office, institutional, warehouse, or adaptive reuse, depending on the intended concept and buildout.
With a contiguous configuration of parcels and street frontage on two sides, the site is well suited for users seeking flexibility within a single acquisition.
Key Highlights
- 2.07‑acre corner assemblage in downtown Greenville with five contiguous parcels
- Approximately 58,662 SF of existing improvements
- Exceptional frontage on Academy Street and West Washington Street
Financial Insights For Warehouse
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 | $352.6k | $6.01 |
| − Vacancy | −$29.6k | −$0.50 |
| EGI | $322.9k | $5.51 |
| − OpEx | −$48.4k | −$0.83 |
| NOI | $274.5k | $4.68 |
58,662 SF · lease $6.01/SF/yr · vacancy 8.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.92M
$3.43M – $4.58M
NOI $274,502 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$3.23M
$2.83M – $3.77M
NOI $226,061 @ 7.0% cap · market cap 2.66%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,238
Businesses Nearby
Well-served
Demand for This Use
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
Vacancy Rate% for Industrial in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner assemblage with five contiguous parcels and approximately 58,662 sq. ft. of existing improvements on Academy and West Washington.
Where is this flex space 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 in downtown Greenville with five contiguous parcels; Approximately 58,662 SF of existing improvements; Exceptional frontage on Academy Street and West Washington Street
