1502 Greenville StAnderson, SC 29621

Property Details for 1502 Greenville St

Year built

1976

Lot size

0.61 AC

Property size (Sq ft)

5,075 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

148-09-02-006

APU

1480902006

Description

This exceptional 4,300 square foot Class B office building, constructed in 1976, is situated on a highly visible 0.61-acre corner lot in Anderson, South Carolina. The property boasts 150 feet of frontage on East Greenville Street, a major thoroughfare with a daily traffic count of 29,200 vehicles. Additional frontage of 170 feet is available on McLees Road. The single-story building offers versatile space currently configured as a medical office with lab space, making it ideal for a variety of uses. Its location is strategically positioned almost equidistant from AnMed Hospital and AnMed Health Campus, approximately 1.5 miles from each. The property features excellent ingress and egress, with convenient access to a signalized intersection at East Greenville and Cornelia Streets. While the existing building is in good condition and fully functional, the substantial lot size presents a compelling redevelopment opportunity for retail or other commercial uses. The asking price is $925,000. An adjacent parcel (1504 E. Greenville St.) is also available for purchase, presenting further expansion possibilities. This property offers a unique blend of immediate usability and significant long-term potential in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,298,351

  6.5%

  $1,198,478

  7%

  $1,112,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,825

  Geo Method

  $417,825

• Alternative Use

  Use

  Valuation

  Residential

  $1,486,113

  Hospitality

  $1,361,271

  Educational

  $1,132,562

  Medical

  $1,171,512

  Retail

  $1,761,762

Location Insight

City

Anderson

County

Anderson

State

South Carolina

Latitude

34.5273

Longitude

-82.6358

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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