Property profile

0 East Ave Greer, SC 29651

OFF-MARKET
Land
2.2 ac lot
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Property summary

AI-generated overview

This exceptional 2.2-acre land parcel in Greer, South Carolina, presents a prime multifamily development opportunity. Zoned DRD (P&Z 801-2009), this site is approved for a 25-unit townhome community. The property, encompassing parcels 9-04-06-125.00, 9-04-06-124.02, and 9-04-06-123.00, boasts a highly desirable location minutes from the revitalized downtown Greer, strategically positioned between Greenville and Spartanburg. The area benefits from strong economic drivers, including major employers such as BMW, Mitsubishi Polyester Film, and Honeywell, ensuring consistent housing demand. Significant progress has already been made, with the majority of engineering completed

Property profile

Verified
Property type Land
Lot 2.2 ac (95,832 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

East Ave Greer, SC 29651
Greer metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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