305 Greenville St Anderson, SC 29621-5535
- Office buildings
- 2,434 SF
- 0.60 lot acres
Current Use by Public Records
- Hanger Clinic: Prosthetics & Orthotics / Orthotics & Prosthetics Service / Medical Clinic
Property Details for 305 Greenville St
- Year built
- 1973
- Lot size
- 0.60 lot acres
- Property size
- 2,434 SF
- Property type
- Office buildings
- APN
- 123-29-09-012
- APU
- 1232909012
Description
This exceptional Class C office building, located at 305 E Greenville St in Anderson, South Carolina, presents a compelling investment opportunity. The 2,605 square foot property is currently leased to Hanger Clinic, a well-established tenant, under a lease expiring March 31, 2025, with a three-year renewal option. The current lease generates a monthly rent of $2,712, resulting in an annual rent of $32,544. Annual expenses total $9,418, yielding a net operating income (NOI) of $23,126 and a 6.44% capitalization rate. The asking price for this single-building property is $359,000, translating to $137.81 per square foot. Ample on-site parking is available, ensuring convenient access for both employees and clients. The property's central location in Anderson, SC (zip code 29621) offers excellent visibility and accessibility. This is a strong investment opportunity with a stable tenant and a favorable lease agreement. Further details regarding the tenant are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $555,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $540,000
- Mixed-Use
- $540,000
- Hospitality
- $525,000
- Educational
- $490,000
- Residential Income
- $450,000
- Energy
- $495,000
- Income-Based Land
- $515,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.6493
- Latitude
- 34.5118
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA