298 Pleasantburg DrGreenville, SC 29607

Property Details for 298 Pleasantburg Dr

Lot size

0.42 AC

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

0266.00-01-011.06

APU

266000101106

Description

This exceptional redevelopment opportunity presents a ±0.41-acre lot featuring a ±1,600 square foot building situated on a signalized corner in Greenville, South Carolina. The property boasts excellent visibility and easy access, with approximately 125 feet of frontage on South Pleasantburg Drive. Currently zoned C-3, the property includes an existing ice machine building with a lease in place generating $3,600 annual income (terminable). The asking price is $599,000, translating to $374.38 per square foot. The Greenville County tax map number is 0266000101106. This location offers significant potential for a variety of retail uses, capitalizing on its high-traffic location and prominent visibility. The existing building provides a solid foundation for immediate occupancy or redevelopment, presenting a unique opportunity for investors seeking a high-return investment in a thriving Greenville market. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,997,166

  6.5%

  $3,689,692

  7%

  $3,426,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,499,065

  Geo Method

  $1,499,065

• Alternative Use

  Use

  Valuation

  Residential

  $4,575,218

  Hospitality

  $4,190,875

  Educational

  $3,486,758

  Medical

  $3,606,674

  Retail

  $5,423,846

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8363

Longitude

-82.3672

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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