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    Downtown Greenwood Bar Opportunity Title is generated by Realmo AI

    327 Main St. Floor 2, Greenwood, SC 29646

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    For Sale
    $310,000

    COMMERCIAL - Greenwood, SC

    Property size:
    2,112 SF
    Price / SF:
    $146/SF
    Added:
    Apr 29, 2025
    Days on Market:
    389
    Last Refresh:
    May 22 at 4:06 pm

    Property Features for 327 Main St. Floor 2

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CC
    Standard status
    Active
    Size
    2,112 SF

    Building Details

    Year built
    1922

    We can help!

    Listing Contact
    Renee Simchon
    Renee Simchon

    Listing agent Renee Simchon

    Listing office Greenwood Realty Inc. 225 Bypass 72W Suite C, Greenwood, SC

    Listing date Apr 29, 2025

    MLS# 132607

    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.

    HighLights

    • Prime downtown Greenwood real estate in the Historic Grier Building.
    • Turn‑key, fully operational 2,112 sq ft bar with 130 seating capacity.
    • High foot traffic and unmatched visibility in the heart of downtown.
    • Includes 40 taps, pool table, VIP section, and stage.
    • Indoor and outdoor seating options available.
    • Steps from downtown Greenwood's events, shopping, and entertainment.

    Overview

    Located on the second floor of the Historic Grier Building in downtown Greenwood, this property offers a prime real estate opportunity. The property currently houses a fully operational and profitable 2,112 sq ft bar with a total seating capacity of 130, including both indoor and outdoor options. The bar includes 40 taps, a pool table, a VIP section, a stage, and multiple flat-panel TVs, along with furnishings and restaurant fixtures. The location is near downtown Greenwood's events, shopping, and entertainment. This property offers flexibility and value for those looking to invest in downtown real estate or launch their own indoor and outdoor bar. The property is located in Greenwood, South Carolina, with the postal code 29646, situated in Greenwood County.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $305.4K
    NOI $27,486 @ 9.00% cap · cautious / downside scenario
    Moderate
    $392.7K
    NOI $27,486 @ 7.00% cap · market / base-case scenario
    Aggressive
    $549.7K
    NOI $27,486 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $38.0k $18.00
    − Vacancy −$1.4k −$0.65
    EGI $36.6k $17.35
    − OpEx −$9.2k −$4.34
    NOI $27.5k $13.01
    2,112 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $392.7K
    $343.6K – $458.1K (±1% cap)
    NOI $27,486 @ 7.0% cap · market cap 8.87%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $663.5K
    $580.5K – $774.0K (±1% cap)
    NOI $46,442 @ 7.0% cap · market cap 14.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cherry MacTaggart Counselor Buffalo Grill Restaurant Earcelia Paul-Hill Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Nook on the Square — 104 Court Ave E, Greenwood, SC 29646
    • Starbucks — 329 Lawson St, Greenwood, SC 29649
    • Fox and Hound Lounge — 104 Court Ave E, Greenwood, SC 29646
    • Flynn's on Maxwell Uptown Wine & Beer — 120 Maxwell Ave, Greenwood, SC 29646
    • Buffalo Grill — 327 Main St, Greenwood, SC 29646

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1595774
    Latitude
    34.1901096

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    FAQs

    What type of property is this?
    Bar & Pub - Turn-key bar in historic building with indoor and outdoor seating.
    Where is this bar & pub located?
    The property is located at 327 Main St. Floor 2 Greenwood, SC.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: Prime downtown Greenwood real estate in the Historic Grier Building.; Turn‑key, fully operational **2,112 sq ft bar with 130 seating capacity.**; **High foot traffic and unmatched visibility** in the heart of downtown.
    (864) 388-0202
    We can help!
    Listing Contact
    Renee Simchon
    Renee Simchon
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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