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    56 Groce Rd Lyman, SC 29365

    Sponsored
    For Sale
    $378,000

    Historic building, 4,212 sq ft, high potential.

    Property size:
    4,212 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional storefront property at 56 Groce Road, Lyman, SC 29365, presents a unique investment opportunity in the heart of downtown. The building, constructed in 1928, boasts a total of 4,212 square feet spread across two stories. The main level offers 2,106 square feet of finished space, ideal for immediate occupancy. An additional 2,106 square feet of unfinished space resides on the second floor, presenting significant potential for conversion into a modern loft-style space, capitalizing on the growing demand for unique downtown living spaces. Adding to the property's versatility is a 526-square-foot basement area. Convenient street parking is available, supplemented by additional parking at the rear entrance. The property is zoned CBD, allowing for a variety of commercial uses. Its location near the First Baptist Church in downtown Lyman ensures high visibility and foot traffic. The building's history as the former Claytons Barbershop adds to its character and charm. This property is priced at $378,000 and offers a compelling blend of historic charm and modern potential. Don't miss this chance to acquire a significant piece of Lyman's downtown landscape.

    Property Features for 56 Groce Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,212 SF

    Building Details

    Year Built
    1928
    Stories
    2

    HighLights

    • Exceptional downtown Lyman, SC storefront property at 56 Groce Road.
    • 4,212 square foot building (2,106 SF main level, 2,106 SF unfinished second floor, 526 SF basement).
    • CBD zoning allows for diverse commercial uses.
    • High visibility location near First Baptist Church, offering strong foot traffic.
    • $378,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyman
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.123384204618
    Latitude
    34.950043056805

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, 4,212 sq ft, high potential.
    Where is this individual retail property located?
    The property is located at 56 Groce Rd Lyman, SC.
    What is the asking price?
    The asking price for this property is $378,000.
    What are key features of this property?
    This property features: Exceptional downtown Lyman, SC storefront property at 56 Groce Road.; 4,212 square foot building (2,106 SF main level, 2,106 SF unfinished second floor, 526 SF basement).; CBD zoning allows for diverse commercial uses.
    Request Owner's contact information
    56 Groce Rd Lyman, SC 29365
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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
    56 Groce Rd Lyman, SC 29365
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