304 Stone AveGreenville, SC 29609

Property Details for 304 Stone Ave

Lot size

0.50 AC

Zone code

C3

Property type

Retail properties

Property subtype

Bars

APN

0037.00-01-023.00

APU

37000102300

Description

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.

• 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

Property Tax & Assessments

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