327 Main StGreenwood, SC 29646

Property Details for 327 Main St

Year built

1922

Property size (Sq ft)

2,523 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

6845-937-942

APU

6845937942

Description

This exceptional Greenwood, South Carolina, property, located at 327 Main St, offers 5,935 square feet of vacant space in a charming, historic building constructed in 1922. Priced at $775,000, this two-unit building boasts a distinctive second-generation restaurant space, perfect for a bar or restaurant concept. Its prime downtown location provides high visibility and accessibility, making it ideal for retail, restaurant, or bar ventures. The building's unique character and allure are enhanced by an upstairs bar/patio area. Its proximity to Lander University (0.9 miles) adds to its appeal. Owner financing is available. This is a rare opportunity to acquire a piece of Greenwood's history and establish a thriving business in a vibrant location. The property is currently vacant, presenting a blank canvas for a new owner to create their vision. The asking price translates to $130.58 per square foot. This investment opportunity is perfect for an owner/user seeking a unique and established location.

• CAP approach

  CAP return

  Valuation

  6%

  $713,874

  6.5%

  $658,960

  7%

  $611,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,964

  Geo Method

  $321,964

• Alternative Use

  Use

  Valuation

  Residential

  $658,960

  Hospitality

  $603,604

  Educational

  $502,192

  Medical

  $519,463

  Retail

  $781,187

Location Insight

City

Greenwood

County

Greenwood

State

South Carolina

Latitude

34.1901

Longitude

-82.1596

CBSA code

24940

CBSA name

GREENWOOD, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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