1511 Woodruff RdGreenville, SC 29615

Property Details for 1511 Woodruff Rd

Lot size

7.38 AC

Zone code

C-3

Property type

Outlet malls

APN

0547.03-01-001.40

APU

547030100140

Description

The Hobby Lobby Center, located on Woodruff Road, offers 70,000 square feet of retail space in a multi-tenant building. This Class B property features a strong performing Hobby Lobby as its anchor tenant and The Fresh Market as a shadow anchor, ensuring high foot traffic and visibility. The center boasts five total suites, with 1,600 square feet currently available, divisible to a minimum of 1,600 square feet. Its prime location provides excellent access from Woodruff Road and Feaster Road, benefiting from high traffic counts of 36,700 vehicles per day on Woodruff Road. The property also features available pylon signage for increased brand exposure. The surrounding area demonstrates strong demographics, with an average household income of $113,000, making it an attractive location for businesses seeking a high-performing retail space. This well-positioned center offers a unique opportunity for businesses to thrive in a vibrant commercial environment. The existing infrastructure includes a prominent pylon sign. The property's strategic location and strong anchor tenants create a compelling investment opportunity. The available space is ideal for a variety of retail, office, or salon uses.

• CAP approach

  CAP return

  Valuation

  6%

  $79,056,900

  6.5%

  $72,975,600

  7%

  $67,763,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,536,700

  Geo Method

  $27,536,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $140,394,000

  Mixed-Use / Specialty

  $73,489,600

  Hospitality / Lodging

  $54,924,900

  Office

  $73,859,400

  Institutional / Educational

  $76,676,300

  Residential Income

  $89,711,200

  Multifamily

  $103,303,000

  Automotive / Energy

  $65,722,500

  Parking / Income-Based Land

  $21,915,200

  Restaurant / Food Service

  $39,874,700

  Healthcare / Senior Housing

  $74,568,400

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8217

Longitude

-82.2781

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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