500 Main StMauldin, SC 29662

Property Details for 500 Main St

Year built

1963

Lot size

1.43 AC

Zone code

C2

Property type

Banks

APN

M002.01-05-015.00

APU

M002010501500

Description

This exceptional Class A retail property, a former bank branch at 500 N Main St, Mauldin, SC 29662, presents a unique investment opportunity. The 3,509 square foot building, situated on a 1.43-acre lot, boasts four drive-thru lanes and ample parking (35 spaces). Built in 1967 and extensively renovated in 2019, the single-story structure features updated exterior lighting and a roof replaced in 2012. The property benefits from high visibility on a busy corridor with approximately 32,800 vehicles per day. Zoned C2, it offers significant potential for various commercial uses, subject to a two-year deed restriction prohibiting financial services businesses. The asking price is $1,250,000 ($356.23/sq ft), with a NNN lease type and currently vacant. This prime location in Mauldin's thriving downtown area, a high-growth submarket of Greenville, SC, provides excellent brand visibility and access to a strong customer base. The property includes a pylon sign and approximately 200 feet of frontage on N. Main Street. This is an exceptional opportunity to acquire a well-maintained, strategically located commercial building in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $20,101,690

  6.5%

  $18,555,406

  7%

  $17,230,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,923,613

  Geo Method

  $12,923,613

• Alternative Use

  Use

  Valuation

  Residential

  $15,652,179

  Hospitality

  $14,337,312

  Educational

  $11,928,475

  Medical

  $12,338,714

  Retail

  $18,555,406

Location Insight

City

Mauldin

County

Greenville

State

South Carolina

Latitude

34.7856

Longitude

-82.3123

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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