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    405 Westfield St Greenville, SC 29601

    For Sale
    $3,995,000

    Prime Mixed-Use Investment Opportunity

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 20,000 square foot mixed-use building presents a compelling investment opportunity in the heart of Greenville, South Carolina. Located on a 0.851-acre lot at 405 Westfield Street (APN 0071000100101), this landmark property is currently leased to High Spirits Hospitality, operating as The 405, a thriving event venue. The initial lease term extends to January 2028, providing immediate income potential. Situated in the Central Business District (CBD), this completely renovated building boasts high-end finishes, large windows, high ceilings, a new roof, new HVAC system, new flooring, and a new sprinkler system. Its prime location offers unparalleled access to the Swamp Rabbit Trail, proximity to the planned convention center, and a central position between the District West (365 units) and Trailside (215 units) apartment communities, ensuring high foot traffic and visibility. The MX-D zoning allows for diverse future uses. The asking price is $3,995,000, translating to $199.75 per square foot. This is a rare chance to acquire a meticulously maintained, high-performing asset in one of Greenville's most dynamic areas. Further details are available upon request.

    Property Features for 405 Westfield St

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,000 SF
    Lot Size
    37,070 SF

    HighLights

    • $3,995,000 asking price for a 20,000 square foot mixed‑use building.
    • Located at 405 Westfield St, Greenville, SC 29601, on a 0.851‑acre lot.
    • Currently leased to High Spirits Hospitality DBA: The 405, operating as an event venue; lease expires January 2028.
    • Prime downtown Greenville location, near Swamp Rabbit Trail, Unity Park, and a planned convention center, between two large apartment complexes.
    • Completely renovated with high‑end finishes, including new roof, HVAC, floors, and sprinkler system.
    • Zoned MX‑D; Tax Map # 0071000100101.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Westfield Greenville Event ... Event Venue Westfield Wedding Venue The 405 Venue Event Venue

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.406923252902
    Latitude
    34.848278868573

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    FAQs

    What type of property is this?
    Individual retail property - Prime Mixed-Use Investment Opportunity
    Where is this individual retail property located?
    The property is located at 405 Westfield St Greenville, SC.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: $3,995,000 asking price for a 20,000 square foot mixed-use building.; Located at 405 Westfield St, Greenville, SC 29601, on a 0.851-acre lot.; Currently leased to High Spirits Hospitality DBA: The 405, operating as an event venue; lease expires January 2028.
    Request Owner's contact information
    405 Westfield St Greenville, SC 29601
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    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
    405 Westfield St Greenville, SC 29601
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