Steel-Masonry Flex
For Sale
Contact for pricing
4 S Washington Ave, Greenville, SC 29611
1950s steel and masonry building with flexible workspace on a fenced lot, zoned C-2.
Property Size4,000 SF
Lot Size0.28 Acres
Price / SF$131.25
Days on Market446
Property Features for 4 S Washington Ave
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.28 Acres
Property subtype
INDUSTRIAL
Zoning
C-2
Site & Location
Traffic Count
16,300 vehicles/day
Fenced Yard
Yes
Building Details
Construction
steel/masonry
Listing Agency:
Joyner Commercial
(864) 313-9078
Listed By:
Matt Carter, SIOR, CCIM, BIC
(864) 313-9078
Source:
Moodyscre
Added: May 12, 2025
Changed: Jul 28
Last Checked: Jul 31 at 11:13AM
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 Joyner Commercial
Investment Insights
Based on property information with market context.
This 1950s steel and masonry flex/industrial building offers adaptable space on a fenced lot. The property is listed as approximately 4,000 square feet and sits on about 0.28 acres, with an additional property possibly available as noted in the remarks.
Located at 4 S Washington Ave in Greenville, SC, the site benefits from nearby commercial and institutional destinations, including St. Francis downtown, Judson Mill, Prisma Health Greenville Memorial, and Harbor Freight. A traffic count of 16,300 vehicles per day (GCGIS 2022) is reported, and the drive to Main Street in Downtown Greenville is described as approximately 2.3 miles.
The property is zoned C-2 (Hwy Commercial, Greenville County), supporting a range of commercial uses consistent with that zoning classification.
Located at 4 S Washington Ave in Greenville, SC, the site benefits from nearby commercial and institutional destinations, including St. Francis downtown, Judson Mill, Prisma Health Greenville Memorial, and Harbor Freight. A traffic count of 16,300 vehicles per day (GCGIS 2022) is reported, and the drive to Main Street in Downtown Greenville is described as approximately 2.3 miles.
The property is zoned C-2 (Hwy Commercial, Greenville County), supporting a range of commercial uses consistent with that zoning classification.
Key Highlights
- 1950s steel and masonry building with flexible workspace on a fenced .28 ac lot
- Approx. 4,000 SF +/- building size
- Zoned C‑2 (Hwy Commercial, Greenville County)
Financial Insights For Industrial
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 | $24.0k | $6.01 |
| − Vacancy | −$2.0k | −$0.50 |
| EGI | $22.0k | $5.51 |
| − OpEx | −$6.6k | −$1.65 |
| NOI | $15.4k | $3.85 |
4,000 SF · lease $6.01/SF/yr · vacancy 8.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$220.2K
$192.7K – $256.9K
NOI $15,414 @ 7.0% cap · market cap 2.94%
Second Best
Flex RnD
$204.1K
$178.6K – $238.2K
NOI $14,290 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,633 @ 7.0% cap · market cap 22.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16,300 VPD
Traffic count
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29611, SC
32,413
Population
14,620
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
78%
High-School Grad
23.9 sq mi
ZIP Area
1,356
Density / Sq Mi
$47,046
Median Household Income
$32,272
Median Earnings
$1,092
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Industrial in Greenville, SC
Questions? Ask Rey
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Similar Off Market Nearby
- High Spirits Hospitality — 701 Easley Bridge Rd, Greenville, SC 29611
- La Parada Boricua — 4706 White Horse Rd, Greenville, SC 29611
Frequently Asked Questions
What type of property is this?
Flex space - 1950s steel and masonry building with flexible workspace on a fenced lot, zoned C-2.
Where is this flex space located?
The property is located at 4 S Washington Ave Greenville, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1950s steel and masonry building with flexible workspace on a fenced .28 ac lot; Approx. 4,000 SF +/- building size; Zoned C‑2 (Hwy Commercial, Greenville County)
