314 S Hwy 221, Greenwood, SC 29646

Building Details

Year built 1963 More

Listing Agency: Greenwood Realty Inc.

Listed By: Renee Simchon · License #21173 Show Phone

Added: Aug 6 Changed: Oct 16 Last Checked: Nov 7 at 6:06AM

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MLS# 140339

Copyright © 2026 Greenwood 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.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This automotive salvage operation includes shop buildings and a garage configured for vehicle processing, parts removal, and repair work. An office building supports daily administration, while a 2-bedroom home provides on-site housing for an owner, manager, or operator. The property also includes a pond and approximately 12,000 square feet of improvements.

The operation encompasses 34.88 acres at 314 S Hwy 221 in Greenwood, South Carolina. Established in 1963, the business is offered with its real estate, buildings, equipment, and operating infrastructure. The property is identified with R1 zoning.

Key Highlights

• 34.88‑acre automotive salvage property at 314 S Hwy 221, Greenwood, SC 29646
• Approximately 12,000 square feet of property improvements
• 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

Is this asking price fair?

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 (±1% cap)

NOI $70,686 @ 7.0% cap · market cap 4.42%

Second Best

Retail

$790.7K

$691.9K – $922.5K (±1% cap)

NOI $55,349 @ 7.0% cap · market cap 3.46%

Theoretical Best

Office A

$3.77M

$3.30M – $4.40M (±1% cap)

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

Auto shops

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Big Box & Wholesale Store Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• J C's Truck and Auto Center, LLC — 317 US-221, Greenwood, SC 29646
• Just Affordable Brakes & Auto Repair — 2819 US-25, Greenwood, SC 29646
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Frequently Asked Questions

What type of property is this?

Auto shop - Operating salvage facilities include processing shops, an office, on-site housing, and a pond across a large acreage tract.

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 automotive salvage property at 314 S Hwy 221, Greenwood, SC 29646; Approximately 12,000 square feet of property improvements; Shop buildings and garage for vehicle processing, parts pulling, and repair work