1202 Cedar Lane RdGreenville, SC 29611

Property Details for 1202 Cedar Lane Rd

Lot size

0.69 AC

Property size (Sq ft)

1,164 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0145.00-07-016.00

APU

145000701600

Description

This exceptional 0.63-acre commercial property, located at 1202 Cedar Lane in Greenville, South Carolina, presents a unique investment opportunity. Priced at $600,000, the property boasts a prime location just three miles from downtown Greenville, offering easy access to the city's vibrant core. The C-2 zoning allows for a wide range of potential uses, subject to verification with Greenville County Zoning and Permits. The existing structures include a converted house currently configured with a reception area and four to five offices, providing immediate usable space. In addition to the main building, the property features a one-bay garage, a two-bay garage, a separate shed, and the equivalent of two carports. These structures offer ample storage potential, or could be adapted to suit a variety of business needs. The property's high visibility is further enhanced by its location on a road with a significant average daily traffic count of 15,300 vehicles in 2022, according to SC DOT estimates. This translates to excellent exposure for any business operating from this location. The combination of versatile space, convenient location, and high traffic volume makes this property an attractive prospect for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $297,789

  6.5%

  $274,882

  7%

  $255,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,832

  Geo Method

  $95,832

• Alternative Use

  Use

  Valuation

  Residential

  $340,854

  Hospitality

  $312,221

  Educational

  $259,764

  Medical

  $268,698

  Retail

  $404,077

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8736

Longitude

-82.4383

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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