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    120 Broadus Ave Greenville, SC 29601

    Sponsored
    For Sale
    $7,000,000

    Prime Office Investment, High NOI

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a two-story, 20,000 square foot office building situated on a 1.43-acre lot in Greenville, South Carolina's desirable Pettigru District. The property boasts a strong net operating income (NOI) of $420,277 annually, and features ample on-site surface parking. Its convenient location offers easy access to I-385 and is just minutes from Main Street's vibrant restaurants and shops. The elevated site provides stunning mountain views. Currently, the building is occupied by two tenants: ABS Kids, a national tenant with a brand new 10-year lease commencing March 1, 2025, occupying approximately 15,000 square feet, and American Leprosy Missions, Inc., occupying approximately 5,000 square feet, currently on their third lease renewal option. Recent landlord and tenant improvements exceeding $650,000 have been completed. The property is zoned RNX-B (City of Greenville) and has a tax map number of 0044000100500. This presents a compelling opportunity for institutional investors seeking a stable, high-performing asset with significant redevelopment potential in a thriving downtown location. The asking price is $7,000,000.

    Property Features for 120 Broadus Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,000 SF
    Lot Size
    62,291 SF

    Building Details

    Stories
    2

    HighLights

    • $7,000,000 asking price for this Greenville, SC office building.
    • 20,000 square feet of office space in a two‑story building.
    • $420,277 Net Operating Income (NOI).
    • 1.43‑acre lot located in Greenville's Pettigru District, minutes from Main Street.
    • Convenient I‑385 access and ample on‑site parking.
    • Features mountain views and is zoned RNX‑B (Greenville County Tax Map #: 0044000100500).
    Property Profile Location Intelligence

    Current Use by Public Records

    andDonovan Website Designer DOM360 Advertising Agency Dealerverse Store American Leprosy Missions Charity robertdonovan.com Internet Marketing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.392189
    Latitude
    34.8505801

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Investment, High NOI
    Where is this office property / space located?
    The property is located at 120 Broadus Ave Greenville, SC.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: $7,000,000 asking price for this Greenville, SC office building.; 20,000 square feet of office space in a two-story building.; $420,277 Net Operating Income (NOI).
    (864) 918-9944
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    120 Broadus Ave Greenville, SC 29601
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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
    120 Broadus Ave Greenville, SC 29601
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