Renovated Multi-Tenant Office
506 Pettigru St Greenville, SC 29601
506 Pettigru St, Greenville, SC, 29601
Contact for pricing
For Sale
Contact for pricing
Renovated office building near downtown Greenville with ample parking.
Property Size3,696 SF
Lot Size0.24 Acres
Price / SF$405.84
Days on Market736
Property Features for 506 Pettigru St
General Information
- Standard status
- Active
- Size
- 3,696 SF
- Lot size
- 0.24 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agency
Cardinal Commercial Properties, LLC
(864) 233-7724
Listed by
Robert Brissie · License #SC 126566
Source
Crexi
Added: Jul 16, 2024 Updated: Jul 6 at 8:30AM Checked: Jul 19 at 5:58AM
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 Cardinal Commercial Properties, LLC
Investment Insights
Based on property information with market context.
The property is a renovated multi-tenant office building located at 506 Pettigru St. in Greenville, SC. The building has an area of approximately 3,696 square feet and is situated on a 0.244 acre lot. One office suite is available for lease on the first floor, offering approximately 790 square feet, including 3 offices and a private restroom. The location provides proximity to downtown Greenville, I-385, and Laurens Rd. Ample on-site parking is available.
Key Highlights
- Renovated multi‑tenant office building
- Excellent location near downtown Greenville, I‑385, and Laurens Rd.
- One 790+\/-sf office suite available featuring 3 offices and a private restroom.
Local Financial Insights For Office B
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 | $85.2k | $23.04 |
| − Vacancy | −$9.4k | −$2.53 |
| EGI | $75.8k | $20.51 |
| − OpEx | −$18.9k | −$5.13 |
| NOI | $56.8k | $15.38 |
3,696 SF · lease $23.04/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$812.0K
$710.5K – $947.4K
NOI $56,842 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,541 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Offices of W. ...
Law Firm
Marchant Law Firm
Law Firm
Chambers Law Firm
Law Firm
Rehabilitation Associates
Medical Clinic
Elevated Chiropractic Solutions
Alternative Medicine Practice
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FAQs
What type of property is this?
Office building - Renovated office building near downtown Greenville with ample parking.
Where is this office building located?
The property is located at 506 Pettigru St Greenville, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Renovated multi‑tenant office building; Excellent location near downtown Greenville, I‑385, and Laurens Rd.; One 790+\/-sf office suite available featuring 3 offices and a private restroom.
