For Sale
$1,860,000

707 Bypass 25 Greenwood, SC 29646

$1.86M, 30,890 SF Flex Space, 65% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity encompasses a 30,890 square foot flex space property situated on a 6.92-acre lot in Greenwood, South Carolina. The property consists of four buildings with diverse uses, offering a compelling blend of retail and industrial space. Building 1, a ±12,478 square foot retail space with a drive-thru, is currently occupied by a local tenant. Building 2, a vacant ±18,974 square foot former retail space previously occupied by a regional tenant, is actively being marketed for lease at $5 per square foot, triple net (NNN). Building 3 is a ±7,028 square foot flex building leased to a local tenant. Finally, Building 4 is a ±12,500 square foot warehouse currently occupied by a regional tenant. The property boasts a current Net Operating Income (NOI) of $81,000 and is currently 65% occupied. The property is zoned I-1 and features multiple APNs: 6856-655-414, 6856-670-398, 6856-617-394, and 6856-611-415. Located at 707 Bypass 25 NE, Greenwood, SC 29646, this property presents a strong investment opportunity in a thriving South Carolina community. The Greenwood area is home to numerous global companies and boasts a lower-than-average cost of living, a strong workforce, and access to higher education institutions. This diverse property portfolio offers significant potential for future income growth and value appreciation.

Highlights

  • ±2,478 SF retail building with drive-thru, occupied by a local tenant.
  • ±18,974 SF vacant former retail building, previously occupied by a regional tenant.
  • Asking rent: $5/SF, NNN.
  • ±7,028 SF flex building, occupied by a local tenant.
  • ±2,500 SF warehouse building, occupied by a regional tenant.

Property Details for 707 Bypass 25

Property type
Retail properties, Industrial properties
Square Feet
30,890 SF
Lot Size (sq. ft)
301,435 SF

Location Insight

City
Greenwood
County
Greenwood
State
South Carolina
Latitude
34.203214
Longitude
-82.136041

FAQs

What type of property is this?
Retail property - $1.86M, 30,890 SF Flex Space, 65% Occupancy
Where is the retail property located?
The property is located at 707 Bypass 25 Greenwood, SC.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: ±2,478 SF retail building with drive-thru, occupied by a local tenant.; ±18,974 SF vacant former retail building, previously occupied by a regional tenant.; Asking rent: $5/SF, NNN.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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707 Bypass 25
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