118 Victoria StGreer, SC 29651

Property Details for 118 Victoria St

Lot size

0.32 AC

Zone code

C1

Property type

Individual retail properties

APN

G020.00-06-002.00

APU

G020000600200

Description

This exceptional 7,700 square foot, two-story brick building is ideally situated in the heart of downtown Greer, South Carolina. Currently configured as a mix of retail and office space, the first floor is entirely occupied by a salon. The second floor is divided into four separate office suites, offering flexibility for various business needs. The property boasts a convenient location within the revitalized Greer Station Downtown area, benefiting from significant recent infrastructure improvements. These improvements include a new streetscape design, enhanced lighting, landscaping upgrades, and a substantial investment in the area's infrastructure. The property is part of tax map G020.00-06-002.00 and is zoned City of Greer GS (Greer Station Downtown). While a 340-space parking deck is nearby, the parking lot immediately behind the building is not included in this sale. The asking price is $2,450,000. This property presents a unique opportunity to own a piece of Greer's thriving downtown, situated near recent developments such as a new Hampton Inn hotel, a 245-unit upscale apartment complex with retail space and a brewery/restaurant, all contributing to a vibrant and growing community. The building's prime location and versatile layout make it an attractive investment for both owner-occupiers and investors seeking a strong return in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,969,815

  6.5%

  $3,664,444

  7%

  $3,402,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,901,076

  Geo Method

  $2,901,076

• Alternative Use

  Use

  Valuation

  Residential

  $3,091,096

  Hospitality

  $2,831,427

  Educational

  $2,355,714

  Medical

  $2,436,731

  Retail

  $3,664,444

Location Insight

City

Greer

County

Greenville

State

South Carolina

Latitude

34.9373

Longitude

-82.227

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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