506 Main StSimpsonville, SC 29681

Property Details for 506 Main St

Year built

1998

Lot size

0.58 AC

Zone code

C2

Property type

Retail properties

Property subtype

Strip malls

APN

0320.00-01-011.01

APU

320000101101

Description

This exceptional 1.46-acre commercial land parcel is ideally situated at 506 NE Main St, Simpsonville, SC 29681, in Greenville County. Boasting high visibility to over 19,000 vehicles per day on NE Main Street, this property offers unparalleled access and exposure. Located within walking distance of historic downtown Simpsonville, it benefits from the area's explosive residential growth and recent commercial development boom, including numerous new restaurants, bars, and retail establishments. The site is zoned as an Innovative District, providing flexibility for a variety of uses, including retail, office, or medical facilities. This cleared lot will be delivered with all utilities in place, making it ready for immediate development. The asking price is $800,000, representing a land value of $479,042 per acre. Its location directly fronts an approved luxury townhome community, ensuring a strong and affluent customer base. This presents a unique opportunity to capitalize on Simpsonville's thriving market and establish a successful business in a highly desirable location. The strong demographics and rapid growth of the area make this a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $7,953,054

  6.5%

  $7,341,281

  7%

  $6,816,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,241,770

  Geo Method

  $5,241,770

• Alternative Use

  Use

  Valuation

  Residential

  $6,192,645

  Hospitality

  $5,672,430

  Educational

  $4,719,395

  Medical

  $4,881,702

  Retail

  $7,341,281

Location Insight

City

Simpsonville

County

Greenville

State

South Carolina

Latitude

34.7267

Longitude

-82.2545

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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