2406 Main St Greer, SC 29651

Property Details for 2406 Main St

Lot size

1.29 lot acres

Property size

15,496 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional retail investment opportunity presents a three-building complex totaling 15,496 square feet situated on a 1.29-acre lot in Anderson, South Carolina. The property, known as Elizabeth Square, features 11 units, currently 90% occupied by a diverse mix of tenants including a coffee shop, salon, pet spa, pet bakery, flower shop, accounting office, and counseling services. The complex boasts 60 parking spaces with convenient access via a back entrance. Three buildings, each with its own parking, share common access. Building roofs are relatively new, ranging from 11 to 16 years old. The property is zoned for commercial use and offers excellent visibility just off N. Main St. in a high-traffic area with nearby shopping, banks, offices, and restaurants. Anderson's location in the rapidly growing Upstate SC region, coupled with the presence of Anderson University, a fast-growing private university, ensures a strong and stable market. Two units have recently undergone renovations, including new flooring, with one of these updated units (969 sq ft) currently available for lease. The property is a Class B building, built in 1985, and operates under a modified lease type with multiple tenants. The asking price is $2,000,000, translating to $164.93 per square foot and $42.71 per square foot for land value. This presents a compelling opportunity for investors seeking a well-established, multi-tenant retail complex in a vibrant and growing market. The property manager occupies one unit rent-free, and one unit is currently vacant.

Location Insight

City

Greer

County

SC

State

South Carolina

Longitude

-82.6594

Latitude

34.5291