Steel-Masonry Flex
For Sale
$525,000
Pending
4 South Washington Avenue, 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
Days on Market471
Property Features for 4 South Washington Avenue
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.28 Acres
Property subtype
Commercial/Industrial / Commercial
Zoning
C-2 (Highway Commercial)
Site & Location
Traffic Count
16,300 vehicles/day
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$2,470
Amenities
Oil
Wood Deck
Building Details
Construction
steel/masonry
Listing Agency:
BHHS C Dan Joyner - CBD
Listed By:
Matthew Carter
(864) 678-5333
Source:
Compass
Added: Jun 30, 2025
Changed: Oct 8
Last Checked: Oct 12 at 9:49PM
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 BHHS C Dan Joyner - CBD
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
Estimated NOI and Cap Rate
NOI / Yr
$15,414
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,280
$308.3K
Cap Rate 7%
$220,200
$220.2K
Cap Rate 9%
$171,267
$171.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$24.0K $6.01/SF
− Vacancy
−$2.0K −$0.50/SF
EGI
$22.0K $5.51/SF
− OpEx
−$6.6K −$1.65/SF
NOI
$15.4K $3.85/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,280
Cap Rate 7%
$220,200
Cap Rate 9%
$171,267
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16,300 VPD
Traffic count
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
285
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Greenville, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 South Washington Avenue 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)
