Property profile

3353 Highway 72 221 E Greenwood, SC 29649

FOR LEASE
Grocery and convenience stores
Property ID
US77-1621575
37,846 SF 8 ac lot Built 2004
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Lake Greenwood Crossing, located at 3353 Hwy 72 221 E in Greenwood, South Carolina (zip code 29649), offers a prime retail opportunity. This multi-tenant retail center boasts a total of 43,618 square feet, with one space currently available ranging from 1 to 33,218 square feet, providing flexibility for various business needs. Strategically situated at the busy intersection of Highway 72/221 and SC Hwy 46, the center benefits from high daily traffic volume. The property is experiencing increased demand due to substantial population growth in the Lake Greenwood area, transforming the trade zone from rural to suburban. This growth is reflected in the center's impressive 4.37 visit frequency, indicating strong customer loyalty and consistent traffic. The center is anchored by the successful KJ's Market, providing a strong draw for shoppers seeking convenience and a variety of goods and services. This location presents a unique opportunity for businesses to capitalize on the thriving retail environment and growing community of Lake Greenwood. Greenwood County is the location of this property. The property is classified as Retail.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2004
Total area 37,846 SF
Lot 8 ac (348,480 SF)
APN 6878-045-385
UPID US77-1621575

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cinema (Bike/Boat/Book/etc) Store
  • Grocery & Convenience Store Food Market

Location

3353 Highway 72 221 E Greenwood, SC 29649
Greenwood metro Census 970201 GREENWOOD, SC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.04M
Blend (final) Blend
$4.31M

Owner & transaction history

since 2016
4 recorded transactions
2022
Price N/A
2018
Price N/A
2017
Price N/A
2016
$4.3M

Zoning & alternative use

Top alternative use upside
Office building $2.9M +31.9%
Commercial (general) $2.7M +21.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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