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Property profile & analytics
OFF-MARKET Estimated value $125,000
Retail space

501 Poinsett Hwy Greenville, SC 29609-4426

0.15 ac lot Built 1997
Trust Owned 18-yr Hold Free & Clear
Property ID
US77-2177677
Property summary
AI-generated overview

This exceptional commercial property, located at 501 & 503 Poinsett Highway in Greenville, South Carolina, presents a compelling investment opportunity. The 7,500 square foot building sits on a 0.34-acre lot and is zoned C-2, allowing for a wide range of uses. Currently configured as three separate units, each is occupied month-to-month by existing tenants: a barber shop, an alterations business, and an office. The property's prime location within Greenville's Poinsett District, a designated opportunity zone offering significant tax incentives, provides immediate access to the Crescent Community Center and is just one block from Greenville City limits. The high visibility along the popular Poinsett Highway ensures strong potential for future growth and rental income. The asking price is $650,000, translating to $86.67 per square foot. The single-story building offers flexibility for a variety of commercial ventures, benefiting from the diverse zoning that includes options such as auto service, catering, appliance repair, liquor sales, and nightclubs, in addition to office and retail uses. This property represents a rare chance to acquire a well-situated commercial asset in a thriving area with significant upside potential. The property is situated in Greenville County, SC, zip code 29609.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Lot 0.15 ac (6,621 SF)
Zoning code C2
APN 0151.00-03-005.00
UPID US77-2177677
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$125k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k
Owner & transaction history
Pace 2007 Living Trust · 18 yrs held
Pace 2007 Living Trust
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
C2 · Greenville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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