120 Broadus Ave Greenville, SC 29601

Property Details for 120 Broadus Ave

Lot size

1.43 lot acres

Property size

20,000 SF

Property type

Office Properties & Spaces

Description

This exceptional investment opportunity presents a two-story, 20,000 square foot office building situated on a 1.43-acre lot in Greenville, South Carolina's desirable Pettigru District. The property boasts a strong net operating income (NOI) of $420,277 annually, and features ample on-site surface parking. Its convenient location offers easy access to I-385 and is just minutes from Main Street's vibrant restaurants and shops. The elevated site provides stunning mountain views. Currently, the building is occupied by two tenants: ABS Kids, a national tenant with a brand new 10-year lease commencing March 1, 2025, occupying approximately 15,000 square feet, and American Leprosy Missions, Inc., occupying approximately 5,000 square feet, currently on their third lease renewal option. Recent landlord and tenant improvements exceeding $650,000 have been completed. The property is zoned RNX-B (City of Greenville) and has a tax map number of 0044000100500. This presents a compelling opportunity for institutional investors seeking a stable, high-performing asset with significant redevelopment potential in a thriving downtown location. The asking price is $7,000,000.