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    208 Stone Ave Greenville, SC 29609

    Sponsored
    For Sale
    $1,250,000

    0.49-acre mixed-use land, ideal for redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.49-acre lot at 208 East Stone Avenue in Greenville, South Carolina (zip code 29609), presents a unique redevelopment opportunity. Zoned MX-2, this mixed-use property is situated in a high-traffic area of the Stone Avenue corridor, near downtown Greenville. The location offers convenient access to I-385, Wade Hampton Boulevard, East North Street, and Laurens Road, placing it within walking or biking distance of downtown amenities and the heart of Greenville's Historic East Park and North Main neighborhoods. Currently, the site includes nine Class C multi-family units, generating existing income. This prime location is perfect for developers seeking to capitalize on the area's rapid growth and high demand for both commercial and residential spaces. The asking price for this exceptional redevelopment opportunity is $1,250,000. This property offers significant potential for investors seeking a high-return project in a thriving South Carolina market.

    Property Features for 208 Stone Ave

    General Information

    Property type
    Retail properties
    Lot Size
    21,344 SF

    HighLights

    • Walking/biking distance to Downtown Greenville & numerous amenities.
    • Excellent location on the heavily traveled Stone Avenue corridor.
    • Situated in Greenville's Historic East Park and North Main neighborhoods.
    • Convenient access to I‑385, Wade Hampton Blvd, East North St, Laurens Rd, and Downtown Greenville.
    • Ideal for commercial or residential redevelopment.
    • Nine existing income‑producing Class C multi‑family units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Dental Office Realty agency Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.39053369
    Latitude
    34.86058151

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    FAQs

    What type of property is this?
    Retail property - 0.49-acre mixed-use land, ideal for redevelopment.
    Where is this retail property located?
    The property is located at 208 Stone Ave Greenville, SC.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Walking/biking distance to Downtown Greenville & numerous amenities.; Excellent location on the heavily traveled Stone Avenue corridor.; Situated in Greenville's Historic East Park and North Main neighborhoods.
    Request Owner's contact information
    208 Stone Ave Greenville, SC 29609
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    208 Stone Ave Greenville, SC 29609
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