3353 Highway 72 221Greenwood, SC 29649

Property Details for 3353 Highway 72 221

Year built

2004

Lot size

8.00 AC

Property size (Sq ft)

37,846 SF

Property type

Grocery and convenience stores

APN

6878-045-385

APU

6878045385

Description

Lake Greenwood Crossing, located at 3353 Hwy 72 221 E in Greenwood, South Carolina (zip code 29649), offers a prime retail opportunity. This multi-tenant retail center boasts a total of 43,618 square feet, with one space currently available ranging from 1 to 33,218 square feet, providing flexibility for various business needs. Strategically situated at the busy intersection of Highway 72/221 and SC Hwy 46, the center benefits from high daily traffic volume. The property is experiencing increased demand due to substantial population growth in the Lake Greenwood area, transforming the trade zone from rural to suburban. This growth is reflected in the center's impressive 4.37 visit frequency, indicating strong customer loyalty and consistent traffic. The center is anchored by the successful KJ's Market, providing a strong draw for shoppers seeking convenience and a variety of goods and services. This location presents a unique opportunity for businesses to capitalize on the thriving retail environment and growing community of Lake Greenwood. Greenwood County is the location of this property. The property is classified as Retail.

• CAP approach

  CAP return

  Valuation

  6%

  $12,687,652

  6.5%

  $11,711,679

  7%

  $10,875,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,851,970

  Geo Method

  $7,851,970

• Alternative Use

  Use

  Valuation

  Residential

  $9,879,239

  Hospitality

  $9,049,330

  Educational

  $7,528,936

  Medical

  $7,787,868

  Retail

  $11,711,679

Location Insight

City

Greenwood

County

Greenwood

State

South Carolina

Latitude

34.2578

Longitude

-82.0908

CBSA code

24940

CBSA name

GREENWOOD, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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