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    107 The Pkwy Greenville, SC 29615

    For Lease
    $2 SF/Yr ($1,166 /Mo)

    1.75 Acres, High-Traffic Location

    Lot size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.75-acre commercial land parcel is ideally situated on The Parkway in Greenville County's Pelham/I-85 submarket, a thriving commercial corridor. Boasting a Planned Development (PD) zoning designation, this property offers unparalleled access to significant daily traffic volumes, averaging approximately 25,640 vehicles on The Parkway and 39,292 on Pelham Road. The location provides a strategic advantage for capturing both commercial and suburban traffic, benefiting from the proximity to numerous national retailers, Class-A hospitality establishments, and Michelin's North American Headquarters directly across the street. The site is currently vacant, offering 5,600 square feet of buildable space. Development options include build-to-suit (BTS) opportunities for national or strong tenants, with estimated BTS costs ranging from $2.5 million to $3.5 million for a 10,000 square foot facility, depending on specifications. Alternatively, a ground lease is available, with estimated rates between $2.50 and $3.50 per square foot, subject to negotiation and market demand. This prime location presents a remarkable investment opportunity in one of South Carolina's strongest commercial areas. The property's APN is 0533040100815. Two additional properties are also available in the immediate vicinity, offering approximately 2.5 and 1 acre respectively, and are subject to offer.

    Property Features for 107 The Pkwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,600 SF
    Total Rate
    1166.67

    Unit(s) available at that property

    Space
    Size
    5,600 SF
    Rate per SF
    $3

    HighLights

    • 1.75‑acre commercial land parcel in Greenville County's Pelham/I‑85 submarket.
    • 5,600 square feet of vacant land available for build‑to‑suit (BTS) development or ground lease.
    • Prime location on The Parkway with high traffic counts and proximity to Michelin's North American Headquarters and numerous national retailers.
    • Zoned PD (Planned Development), offering flexibility for various commercial uses.
    • Ground lease rates estimated at $2.50 to $3.50 per square foot, negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -82.261299549591
    Latitude
    34.862261430958

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    FAQs

    What type of property is this?
    Land - 1.75 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 107 The Pkwy Greenville, SC.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 1.75-acre commercial land parcel in Greenville County's Pelham/I-85 submarket.; 5,600 square feet of vacant land available for build-to-suit (BTS) development or ground lease.; Prime location on The Parkway with high traffic counts and proximity to Michelin's North American Headquarters and numerous national retailers.
    Request Owner's contact information
    107 The Pkwy Greenville, SC 29615
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    Greenville, SC 29615
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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
    107 The Pkwy Greenville, SC 29615
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