Freestanding Building on High-Traffic
303 E Stone Avenue, Greenville, SC 29609
For Sale
Contact for pricing
Well-maintained 2,000 SF building on 0.3-acre site for sale.
Property Size2,000 SF
Lot Size0.30 Acres
Price / SF$450
Days on Market286
Property Features for 303 E Stone Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Building Details
Buildings
Tenancy
Listing Agency:
Trinity Partners
Listed By:
Jeff Day · License SC #97835
(864) 354-1708
Source:
Crexi
Added: Jan 29
Changed: Oct 25
Last Checked: Sep 1 at 10:24AM
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 Trinity Partners
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Investment Insights
Based on property information with market context.
The property at 303 E. Stone Avenue is a freestanding building with approximately 2,000 square feet of space, situated on a 0.3-acre site. It is located along a highly trafficked corridor in Greenville, benefiting from approximately 30,000 vehicles per day on E. Stone Avenue. The property is positioned in the Historic North Main and East Park neighborhoods, offering proximity to Downtown Greenville and I-385. The building features Craftsman-style architecture and includes on-site parking. The property has approximately 62 feet of frontage and over 200 feet of depth. It is zoned MX-2, allowing for a variety of uses. The location is within an established residential trade area, potentially suitable for retail, office, or redevelopment. A short-term sale/leaseback may be considered.
Key Highlights
- High‑traffic location: Benefits from ±30,000 vehicles per day on E. Stone Avenue.
- Prime location: Situated in the heart of the Historic North Main and East Park neighborhoods, with immediate proximity to Downtown Greenville and I‑385.
- Flexible MX‑2 zoning: Suitable for a variety of retail, office, or redevelopment uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,758
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,160
$615.2K
Cap Rate 7%
$439,400
$439.4K
Cap Rate 9%
$341,756
$341.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$46.1K $23.04/SF
− Vacancy
−$5.1K −$2.53/SF
EGI
$41.0K $20.51/SF
− OpEx
−$10.3K −$5.13/SF
NOI
$30.8K $15.38/SF
Area
Greenville County, SC
Vacancy
11.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,160
Cap Rate 7%
$439,400
Cap Rate 9%
$341,756
Alternative Uses
Best Use
Office B
$439.4K
$384.5K – $512.6K
NOI $30,758 @ 7.0% cap · market cap 3.42%
Second Best
Retail
$423.4K
$370.5K – $494.0K
NOI $29,637 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$854.5K
$747.7K – $997.0K
NOI $59,817 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,340
Businesses Nearby
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Business Placement
Demographics for 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Greenville
Vacancy Rate% for Office in Greenville, SC
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained 2,000 SF building on 0.3-acre site for sale.
Where is this office building located?
The property is located at 303 E Stone Avenue Greenville, SC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑traffic location: Benefits from ±30,000 vehicles per day on E. Stone Avenue.; Prime location: Situated in the heart of the Historic North Main and East Park neighborhoods, with immediate proximity to Downtown Greenville and I‑385.; Flexible MX‑2 zoning: Suitable for a variety of retail, office, or redevelopment uses.
