This exceptional mixed-use property, located at 304 E Stone Ave in Greenville, SC, presents a unique investment opportunity. The 17,000 square foot building sits on a half-acre lot in the vibrant Stone Avenue corridor of Downtown Greenville. Currently housing two thriving businesses since 2016, this property offers immediate income potential. Revel Event Center, a well-regarded venue hosting weddings, concerts, and corporate events, occupies a significant portion of the space. Complementing Revel is Stone Pin Company, a popular boutique bowling alley and bar featuring six lanes, an extensive bar, and a patio area. The property is zoned MX-2 and boasts a Greenville County Tax Map number of 0037000102300. The high visibility location on Stone Avenue benefits from an estimated 27,000 vehicles passing daily. This turnkey operation provides a rare chance to acquire a well-established, profitable business with significant real estate value in a prime downtown location. The sale includes both the real estate and the two operating businesses. Detailed financial information is available upon request. This is an owner/user opportunity with significant upside potential. The property's size and location make it ideal for a variety of uses, offering flexibility for future expansion or adaptation. The high traffic count and established businesses ensure a strong return on investment.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$6,065,621
6.5%
$5,599,035
7%
$5,199,104
Comparable approach
Method
Valuation
Relative Method
$4,500,682
Geo Method
$4,500,682
Alternative Use
Use
Valuation
Residential
$4,722,996
Hospitality
$4,326,238
Educational
$3,599,380
Medical
$3,723,168
Retail
$5,599,035
Location Insight
City
Greenville
County
Greenville
State
South Carolina
Latitude
34.8598
Longitude
-82.3892
CBSA code
24860
CBSA name
GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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