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    707 Bypass 25 Greenwood, SC 29646

    For Sale
    $1,860,000

    $1.86M, 30,890 SF Flex Space, 65% Occupancy

    Property size:
    30,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity encompasses a 30,890 square foot flex space property situated on a 6.92-acre lot in Greenwood, South Carolina. The property consists of four buildings with diverse uses, offering a compelling blend of retail and industrial space. Building 1, a ±12,478 square foot retail space with a drive-thru, is currently occupied by a local tenant. Building 2, a vacant ±18,974 square foot former retail space previously occupied by a regional tenant, is actively being marketed for lease at $5 per square foot, triple net (NNN). Building 3 is a ±7,028 square foot flex building leased to a local tenant. Finally, Building 4 is a ±12,500 square foot warehouse currently occupied by a regional tenant. The property boasts a current Net Operating Income (NOI) of $81,000 and is currently 65% occupied. The property is zoned I-1 and features multiple APNs: 6856-655-414, 6856-670-398, 6856-617-394, and 6856-611-415. Located at 707 Bypass 25 NE, Greenwood, SC 29646, this property presents a strong investment opportunity in a thriving South Carolina community. The Greenwood area is home to numerous global companies and boasts a lower-than-average cost of living, a strong workforce, and access to higher education institutions. This diverse property portfolio offers significant potential for future income growth and value appreciation.

    Property Features for 707 Bypass 25

    General Information

    Property type
    Flex space
    Square Feet
    30,890 SF
    Lot Size
    301,435 SF

    HighLights

    • ±2,478 SF retail building with drive‑thru, occupied by a local tenant.
    • ±18,974 SF vacant former retail building, previously occupied by a regional tenant.
    • Asking rent: $5/SF, NNN.
    • ±7,028 SF flex building, occupied by a local tenant.
    • ±2,500 SF warehouse building, occupied by a regional tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.136041
    Latitude
    34.203214

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    FAQs

    What type of property is this?
    Flex space - $1.86M, 30,890 SF Flex Space, 65% Occupancy
    Where is this flex space located?
    The property is located at 707 Bypass 25 Greenwood, SC.
    What is the asking price?
    The asking price for this property is $1,860,000.
    What are key features of this property?
    This property features: ±2,478 SF retail building with drive-thru, occupied by a local tenant.; ±18,974 SF vacant former retail building, previously occupied by a regional tenant.; Asking rent: $5/SF, NNN.
    Request Owner's contact information
    707 Bypass 25 Greenwood, SC 29646
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    Greenwood, SC 29646
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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
    707 Bypass 25 Greenwood, SC 29646
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