Technical
Financial
Distress signals
Property profile

506 NE Main St Simpsonville, SC 29681

FOR SALE
Strip malls
Property ID
US77-2195471
0.58 ac lot Built 1998
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.46-acre commercial land parcel is ideally situated at 506 NE Main St, Simpsonville, SC 29681, in Greenville County. Boasting high visibility to over 19,000 vehicles per day on NE Main Street, this property offers unparalleled access and exposure. Located within walking distance of historic downtown Simpsonville, it benefits from the area's explosive residential growth and recent commercial development boom, including numerous new restaurants, bars, and retail establishments. The site is zoned as an Innovative District, providing flexibility for a variety of uses, including retail, office, or medical facilities. This cleared lot will be delivered with all utilities in place, making it ready for immediate development. The asking price is $800,000, representing a land value of $479,042 per acre. Its location directly fronts an approved luxury townhome community, ensuring a strong and affluent customer base. This presents a unique opportunity to capitalize on Simpsonville's thriving market and establish a successful business in a highly desirable location. The strong demographics and rapid growth of the area make this a compelling investment prospect.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Lot 0.58 ac (25,265 SF)
Zoning code C2
APN 0320.00-01-011.01
UPID US77-2195471

Cap rate & NOI

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

Location

506 NE Main St Simpsonville, SC 29681
Simpsonville metro Census 3005 GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

since 2021
Last sale
$490,000
6 recorded transactions
2022
Price N/A
2021
$1.2M
2021
$490,000
2020
Price N/A
2018
Price N/A
2007
$412,500

Zoning & alternative use

C2 · Simpsonville, SC

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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