107 The Pkwy Greenville, SC 29615

Property Details for 107 The Pkwy

Lot size

2.77 lot acres

Zone code

R-M20

Property type

Commercial real estate

APN

0533.04-01-008.15

APU

533040100815

Description

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.