110 Butler RdMauldin, SC 29662

Property Details for 110 Butler Rd

Lot size

0.52 AC

Zone code

C1

Property type

Retail properties

Property subtype

Auto shops

APN

M008.01-01-015.07

APU

M008010101507

Description

This exceptional Class A retail center, Mauldin Commons, totaling 12,000 square feet, underwent a complete renovation in 2023. Located at 110 E Butler Rd, Mauldin, SC 29662, in Greenville County, this single-story building offers 59 parking spaces and is zoned C-2. Currently, there are 2,300 square feet of vacant space available for lease, with individual units of 1,150 square feet. The property boasts a diverse tenant mix including medical, service, and salon businesses, many with established community presence and long-term leases. Situated in a thriving retail corridor, Mauldin Commons benefits from excellent consumer access and strong curb appeal, setting it apart in the area. The Mauldin submarket exhibits robust growth, with population projections exceeding the Greenville metro average within a 3-mile radius. Low vacancy rates and limited new construction contribute to a favorable market dynamic. This presents a unique opportunity to capitalize on a high-demand location with a strong tenant base and significant upside potential. The property's strategic location within a rapidly growing area, coupled with its recent renovation, makes it an attractive investment for discerning businesses seeking a prime retail space in a flourishing market.

• CAP approach

  CAP return

  Valuation

  6%

  $7,267,666

  6.5%

  $6,708,614

  7%

  $6,229,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,672,468

  Geo Method

  $4,672,468

• Alternative Use

  Use

  Valuation

  Residential

  $5,658,967

  Hospitality

  $5,183,584

  Educational

  $4,312,680

  Medical

  $4,461,000

  Retail

  $6,708,614

Location Insight

City

Mauldin

County

Greenville

State

South Carolina

Latitude

34.7785

Longitude

-82.311

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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