111 Middleton WayGreer, SC 29650

Property Details for 111 Middleton Way

Lot size

0.46 AC

Zone code

C2

Property type

Turn key restaurants

APN

G012.00-01-002.07

APU

G012000100207

Description

This exceptional commercial property, located at 111 Middleton in Greer, South Carolina, presents a unique investment opportunity. Situated on a 0.46-acre lot, the building boasts a prime location within the thriving Greer area, offering significant potential for a variety of commercial uses. The property features a beautifully maintained interior and exterior, showcasing recent updates completed within the last five years. These improvements include a newly installed roof (approximately five years old) and a striking, hand-crafted, built-in brick oven, adding a unique character to the space. A well-designed bar area is conveniently positioned opposite the dining area, suggesting potential for a restaurant or hospitality business. The absence of a seller's disclosure should be noted. Given the ongoing growth of Greer and its surrounding communities, this property offers considerable upside for an astute investor seeking a versatile commercial space with significant character and recent improvements. The property's size and features make it suitable for a range of commercial ventures, capitalizing on the area's expanding economy and strong market demand. The 0.46-acre lot provides ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-maintained, updated commercial property in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,663,864

  6.5%

  $5,228,182

  7%

  $4,854,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,139,058

  Geo Method

  $4,139,058

• Alternative Use

  Use

  Valuation

  Residential

  $4,410,167

  Hospitality

  $4,039,689

  Educational

  $3,360,974

  Medical

  $3,476,563

  Retail

  $5,228,182

Location Insight

City

Greer

County

Greenville

State

South Carolina

Latitude

34.9442

Longitude

-82.2497

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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