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Property profile & analytics
OFF-MARKET Estimated value $110,000
Retail space

503 Washington Ave Greenville, SC 29611-5703

0.36 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US77-0710154
Property summary
AI-generated overview

This 0.39-acre commercial property at 503 S Washington Avenue in Greenville, SC, presents a unique investment opportunity. Located minutes from downtown Greenville, the Judson Mill District, and the Village of West Greenville, this property boasts high visibility and convenient access. The existing building, which previously housed a flower shop for over 50 years, requires extensive repairs and is being sold "as is." The sale price is $175,000, and cash offers only will be considered. The property includes a significant advantage with 20 on-site parking spaces, a benefit often lacking in this area. The deep lot provides ample space and includes a one-bedroom apartment and a separate storage facility at the rear, adding to the property's versatility and potential rental income. This property is ideal for an investor or entrepreneur seeking a redevelopment project with significant upside in a rapidly growing area of Greenville. The existing structure offers a solid foundation for a variety of commercial uses, allowing for creative adaptation to meet the needs of a modern business. The combination of location, parking, and additional structures makes this a rare opportunity in the competitive Greenville market. Serious inquiries only.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.36 ac (15,682 SF)
Zoning code C1
APN 0227.00-03-024.01
UPID US77-0710154
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k
Owner & transaction history
Martinez Electric Services LLP · 3 yrs held
Martinez Electric Services LLP
since 2023
Last sale
$115,000
1 recorded transaction
2023
$115,000
Zoning & alternative use
C1 · Greenville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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