429 Main StGreenville, SC 29601

Property Details for 429 Main St

Lot size

0.66 AC

Zone code

C4

Property type

Office buildings

APN

0003.00-02-024.00

APU

3000202400

Description

This exceptional 16,778 square foot mixed-use property at 429 N Main St, Greenville, SC, presents a rare redevelopment opportunity. The three-story building sits on a 1.2-acre lot (APN: 0003000202400 and a portion of 0003000200600) and boasts a highly desirable MXS-D zoning designation, allowing for a variety of uses and high density development. Its prime location offers triple road frontage on N Main Street, Academy Street, and Townes Street, ensuring excellent visibility. The property is ideally situated within walking distance of downtown Greenville's vibrant restaurants, shops, parks, and entertainment venues, and benefits from its proximity to the Blue Ridge Mountains and the new Cultural Corridor Project. Furthermore, its location directly across from McPherson Park adds to its appeal. The asking price for this unique investment opportunity is $4,200,000. Don't miss this chance to acquire a significant piece of Greenville's thriving downtown area. This property is zoned for Apartment Building, Executive Office, and Hotel uses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,476,780

  6.5%

  $5,055,488

  7%

  $4,694,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,370,528

  Geo Method

  $2,370,528

• Alternative Use

  Use

  Valuation

  Residential

  $6,268,806

  Hospitality

  $5,742,192

  Educational

  $4,777,436

  Medical

  $4,941,740

  Retail

  $7,431,568

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8569

Longitude

-82.3968

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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