Auto Salvage Shop With On-Site
314 S Hwy 221, Greenwood, SC 29646
For Sale
$1,599,000
Operating salvage-yard property with processing space, office facilities, and a two-bedroom residence.
Property Size1,963 SF
Lot Size34.88 Acres
Price / SF$133.25
Days on Market96
Property Features for 314 S Hwy 221
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Business Included
Amenities
pond
on-site residence
34.88 acres, Dimensions: 34.88, Level
Composition, Metal
Septic Tank
Zoning: R1
Heavy Duty
Listing ID: 140339, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial, 13 days on market
Parking Lot
Built in 1963, Living area: 12000, Living area units: Square Feet, Levels: One, Construction Materials: Aluminum Siding, Metal Siding, Vinyl Siding
Subdivision: NOT IN SUBDIVIS, MLS Area (Major): Greenwood 3S, County/Parish: Greenwood
Sewer Connected, Water Connected, Water Source: Well
Pond
Storage
Ceiling 16 to 20 Feet, Ceiling Varied Height, Storage
Building Details
Building Size
Year Built
Listing Agency:
Greenwood Realty Inc.
Listed By:
Renee Simchon · License #26461
(864) 388-0202
Source:
Blackstreaminternational
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 5:45AM
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 Greenwood Realty Inc.
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Investment Insights
Based on property information with market context.
This auto salvage property combines operating shop facilities, a garage, an office building, and an on-site two-bedroom home. The improvements support vehicle processing, parts pulling, repair work, and day-to-day administration. The property includes 12,000 square feet of building area and was built in 1963.
Set on 34.88 acres at 314 S Hwy 221 in Greenwood, South Carolina, the site also includes a 2-acre pond. The acreage provides space for the existing salvage operation, vehicle storage, and additional operational capacity. The sale includes the established auto salvage business together with its real estate, buildings, and on-site infrastructure.
Set on 34.88 acres at 314 S Hwy 221 in Greenwood, South Carolina, the site also includes a 2-acre pond. The acreage provides space for the existing salvage operation, vehicle storage, and additional operational capacity. The sale includes the established auto salvage business together with its real estate, buildings, and on-site infrastructure.
Key Highlights
- 34.88‑acre auto salvage property at 314 S Hwy 221, Greenwood, SC 29646
- 12,000 square feet of building area
- Shop buildings and garage for vehicle processing, parts pulling, and repair work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,686
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,720
$1.4M
Cap Rate 7%
$1,009,800
$1.0M
Cap Rate 9%
$785,400
$785.4K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$108.0K $9.00/SF
− Vacancy
−$7.0K −$0.59/SF
EGI
$101.0K $8.42/SF
− OpEx
−$30.3K −$2.52/SF
NOI
$70.7K $5.89/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,720
Cap Rate 7%
$1,009,800
Cap Rate 9%
$785,400
Alternative Uses
Best Use
Industrial
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$790.7K
$691.9K – $922.5K
NOI $55,349 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $263,877 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29646, SC
26,783
Population
12,316
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
84%
High-School Grad
101.4 sq mi
ZIP Area
264
Density / Sq Mi
$41,669
Median Household Income
$37,556
Median Earnings
$818
Median Rent
$130,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- J C's Truck and Auto Center, LLC — 317 US-221, Greenwood, SC 29646
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- A & J Auto Service — 2821 US-25, Greenwood, SC 29646
- Affordable Brakes and Auto Repair — 2819 us-25 s, greenwood, sc 29646
- Emerald Glass — 2716 US-25, Greenwood, SC 29646
Frequently Asked Questions
What type of property is this?
Auto shop - Operating salvage-yard property with processing space, office facilities, and a two-bedroom residence.
Where is this auto shop located?
The property is located at 314 S Hwy 221 Greenwood, SC.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 34.88‑acre auto salvage property at 314 S Hwy 221, Greenwood, SC 29646; 12,000 square feet of building area; Shop buildings and garage for vehicle processing, parts pulling, and repair work
