1202 Cedar Ln Rd Greenville, SC 29617-2700
- Investment properties
- 1,164 SF
- 0.69 lot acres
Current Use by Public Records
- Upstate Drive / Used Car Dealer
Property Details for 1202 Cedar Ln Rd
- Lot size
- 0.69 lot acres
- Property size
- 1,164 SF
- Zone code
- C2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 0145.00-07-016.00
- APU
- 145000701600
Description
This exceptional 0.63-acre commercial property, located at 1202 Cedar Lane in Greenville, South Carolina, presents a unique investment opportunity. Priced at $600,000, the property boasts a prime location just three miles from downtown Greenville, offering easy access to the city's vibrant core. The C-2 zoning allows for a wide range of potential uses, subject to verification with Greenville County Zoning and Permits. The existing structures include a converted house currently configured with a reception area and four to five offices, providing immediate usable space. In addition to the main building, the property features a one-bay garage, a two-bay garage, a separate shed, and the equivalent of two carports. These structures offer ample storage potential, or could be adapted to suit a variety of business needs. The property's high visibility is further enhanced by its location on a road with a significant average daily traffic count of 15,300 vehicles in 2022, according to SC DOT estimates. This translates to excellent exposure for any business operating from this location. The combination of versatile space, convenient location, and high traffic volume makes this property an attractive prospect for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the possibilities this property offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $635,000
- 6.5%
- $705,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $700,000
- Geo Method
- $705,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $760,000
- Retail
- $740,000
- Mixed-Use
- $695,000
- Hospitality
- $590,000
- Educational
- $780,000
- Residential Income
- $760,000
- Energy
- $750,000
- Income-Based Land
- $600,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Greenville
- State
- South Carolina
- Longitude
- -82.4383
- Latitude
- 34.8736
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
