1607 Laurens RdGreenville, SC 29607

  • Retail properties
  • 2.49 AC
For Lease

Property Details for 1607 Laurens Rd

Lot size
2.49 AC
Zone code
R6
Property type
Retail properties
Property subtype
Strip malls
APN
0257.00-08-018.00
APU
257000801800

Description

The Shoppes at Gower, a single-story, 6,060 square foot retail center located at 1607 Laurens Road in Greenville, South Carolina (zip code 29607), offers exceptional leasing opportunities. Currently undergoing redevelopment, this property boasts high visibility on a heavily trafficked road (30,300 vehicles per day) and features multiple access points with a convenient turning lane. Two suites are available for lease, starting January 2025, ranging from 1,200 to 4,130 contiguous square feet, with a total of 10,560 square feet currently vacant. The space, previously occupied by a gym, is adaptable for various uses, including retail, professional, or office spaces. The center benefits from monument signage and is strategically positioned near a vibrant mix of retailers, restaurants, and entertainment venues, including The Fresh Market, Smoothie King, DaVinci's, Red Bowl Asian Bistro, and many more. The surrounding 5-mile radius is densely populated, with over 180,710 residents. The property was renovated in 2018. This prime location offers unparalleled exposure and access to a large consumer base, making it an ideal investment for businesses seeking high visibility and convenient access in a thriving Greenville community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $35,030,400
    6.5%
    $32,335,752
    7%
    $30,026,056
  • Comparable approach

    Method
    Valuation
    Relative Method
    $22,521,458
    Geo Method
    $22,521,458
  • Alternative Use

    Use
    Valuation
    Residential
    $27,276,418
    Hospitality
    $24,985,052
    Educational
    $20,787,270
    Medical
    $21,502,176
    Retail
    $32,335,752
1607 Laurens Rd, Greenville, South Carolina

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.8417
Longitude
-82.3578
CBSA code
24860
CBSA name
GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,518
$32,740
$45,620
$78,360
-
$545,720
$760,290
$1,306,010

FAQs

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