500 Poinsett StGreer, SC 29650

Property Details for 500 Poinsett St

Year built

1960

Lot size

0.39 AC

Property size (Sq ft)

2,504 SF

Zone code

R12

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

G014.00-02-013.00

APU

G014000201300

Description

This Class A, 2,800 square foot coworking space in Greer, SC, offers four suites, with a minimum divisible space of 50 square feet. Located at 500 W Poinsett St (cross street: Morrow St), this two-story building boasts 8-foot ceilings and was renovated in 2021. The property sits on 0.33 acres and includes 15 free parking spaces. Amenities include high-speed internet, receptionist services, kitchen access, unlimited coffee and water, and access to an on-site gym. A large conference room (seats 8-10) and a training room (seats 12) are available for free for one hour daily, with hourly or daily rental options for longer use. Street signage is available for an additional fee. A one-time activation fee applies, and a one-month security deposit is required, refundable upon lease termination. A $200 restoration fee is charged upon move-out. Monthly rates start at $500 for a 12-month lease or $550 month-to-month. Currently, 200 square feet of space is vacant. The building is zoned for office use. No credit checks are required.

• CAP approach

  CAP return

  Valuation

  6%

  $483,601

  6.5%

  $446,401

  7%

  $414,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $206,154

  Geo Method

  $206,154

• Alternative Use

  Use

  Valuation

  Residential

  $553,537

  Hospitality

  $507,037

  Educational

  $421,849

  Medical

  $436,357

  Retail

  $656,209

Location Insight

City

Greer

County

Greenville

State

South Carolina

Latitude

34.9416

Longitude

-82.2355

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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