616 Poinsett HwyGreenville, SC 29609

  • Turn key restaurants
  • 1.43 AC
For Lease
$250.20/SF/YR View listing

Property Details for 616 Poinsett Hwy

Lot size
1.43 AC
Zone code
C2
Property type
Turn key restaurants
APN
0175.00-03-002.00
APU
175000300200

Description

This exceptional 3,300 square foot retail property, located at 616 Poinsett Hwy in Greenville, South Carolina, presents a unique investment opportunity. Situated on a 1.3-acre lot, this single-tenant building boasts a high-traffic location with a daily traffic count of 33,000 vehicles. Currently, Suite B (approximately 950 square feet) is available, with a sublease expiring November 30, 2028. The property is zoned C-2 in Greenville County and is conveniently located outside Greenville city limits. Key features include ample free onsite parking, and the property allows for the installation of a pickup window and the sale of tobacco and vape products. The current lease rate is $1,651 per month. This property offers excellent visibility and accessibility, making it ideal for a variety of retail businesses seeking a strong presence in a high-traffic area. The substantial lot size provides ample room for expansion or future development. Don't miss this chance to secure a prime retail location in a thriving Greenville County market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $17,417,306
    6.5%
    $16,077,512
    7%
    $14,929,119
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,923,613
    Geo Method
    $12,923,613
  • Alternative Use

    Use
    Valuation
    Residential
    $13,561,983
    Hospitality
    $12,422,704
    Educational
    $10,335,544
    Medical
    $10,690,999
    Retail
    $16,077,512

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.874
Longitude
-82.4038
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
$10,919
$7,350
$18,920
$26,270
-
$122,500
$315,310
$437,810

FAQs

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