2531 Highway 25Greenwood, SC 29646

Property Details for 2531 Highway 25

Year built

2001

Lot size

0.99 AC

Property size (Sq ft)

1,748 SF

Property type

Drive through restaurants

APN

6854-544-673

APU

6854544673

Description

This 1,748-square-foot vacant Huddle House restaurant building presents a unique owner-user investment opportunity in Greenwood, South Carolina. Located at 2531 Highway 25 South, this property sits on a 0.99-acre lot and offers significant potential. Built in 2001, the building is priced at $500,000, translating to $286.04 per square foot. The property's strategic location offers excellent visibility and accessibility, being less than a five-minute drive from the Greenwood Medical Corridor and conveniently situated off I-10, a major thoroughfare averaging 11,378 vehicles daily. The surrounding area boasts strong demographics, with a population of 35,331 residents within a five-mile radius and an average household income of $53,210. Nearby popular retailers include Food Lion, Dollar Tree, 7-Eleven, CVS, and Walgreens, further enhancing the property's appeal and potential for success. This offering presents a below-replacement-cost investment, providing a secure and potentially lucrative opportunity for the right buyer. The property is zoned for QSR/Fast Food, Restaurant, and Storefront uses. This single-tenant building is ready for its next chapter.

• CAP approach

  CAP return

  Valuation

  6%

  $586,275

  6.5%

  $541,177

  7%

  $502,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $362,660

  Geo Method

  $362,660

• Alternative Use

  Use

  Valuation

  Residential

  $456,503

  Hospitality

  $418,154

  Educational

  $347,900

  Medical

  $359,864

  Retail

  $541,177

Location Insight

City

Greenwood

County

Greenwood

State

South Carolina

Latitude

34.1554

Longitude

-82.1391

CBSA code

24940

CBSA name

GREENWOOD, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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