503 Washington Ave Greenville, SC 29611-5703
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Greenville, SCCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.