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Downtown Greenville Event Venue Investment
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405 Westfield St, Greenville, SC 29601

Leased event venue in downtown Greenville near Unity Park.

Property Size20,000 SF
Lot Size0.85 Acres
Price / SF$199.75
Days on Market817

Property Features for 405 Westfield St

General Information

Standard status Active
Size 20,000 SF
Lot size 0.85 Acres
Property subtype Mixed Use, Retail, Special Purpose
Zoning MX-D
Listing Agency: Spencer/Hines Properties
Listed By: Zach Hines · License #SC 58750
Source: Crexi
Added: Jun 11, 2024 Changed: Sep 4 Last Checked: Aug 31 at 9:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Spencer/Hines Properties

Investment Insights

Based on property information with market context.

This is an investment opportunity to acquire a 20,000 square foot building on approximately 0.851 acres. The property is currently leased and operating as an event venue under the name The 405, managed by High Spirits Hospitality. The initial lease term expires in January 2028. The building is located in downtown Greenville, directly on the Swamp Rabbit Trail, and in the heart of Unity Park. It is situated between District West, a 365-unit apartment community, and Trailside, a 215-unit apartment community, and steps away from the newly planned convention center. The property has been completely renovated with high-end finishes, large windows, high ceilings, a new roof, new HVAC system, new floors, and a new sprinkler system. The property is zoned MX-D, City of Greenville.

Key Highlights

  • Landmark property in Downtown Greenville with an experienced tenant (High Spirits Hospitality DBA: The 405) in place.
  • Excellent investment opportunity with initial lease term expiring January 2028.
  • Located directly on the Swamp Rabbit Trail, steps from the planned convention center, and in the heart of Unity Park.

Property Analytics

Current Use

Westfield Greenville Event ... Hotel & Motel Westfield Wedding Service The 405 Venue Hotel & Motel

Suggested Use

Top Pick Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,726
Businesses Nearby

Demographics for 29601, SC

13,261
Population
8,067
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
3,157
Density / Sq Mi
$73,321
Median Household Income
$55,727
Median Earnings
$1,406
Median Rent
$583,200
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Wedding venue - Leased event venue in downtown Greenville near Unity Park.
Where is this wedding venue 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: Landmark property in Downtown Greenville with an experienced tenant (High Spirits Hospitality DBA: The 405) in place.; Excellent investment opportunity with initial lease term expiring January 2028.; Located directly on the Swamp Rabbit Trail, steps from the planned convention center, and in the heart of Unity Park.
(864) 918-9944 Call to check price and availability
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