1205 Main StSimpsonville, SC 29681

Property Details for 1205 Main St

Year built

1998

Lot size

0.89 AC

Zone code

C2

Property type

Grocery and convenience stores

APN

0294.00-06-008.00

APU

294000600800

Description

This exceptional Simpsonville commercial property presents a lucrative investment opportunity, boasting a prime location on Ne Main Street. The 0.88-acre lot houses an established bar/restaurant with long-term tenants, ensuring consistent rental income. The spacious interior is fully equipped for the hospitality industry, featuring a well-designed bar area, comfortable dining space, a functional kitchen, and modern amenities. A key advantage is the additional income stream generated by a separate convenience store setup on the property. This turnkey operation eliminates the need for start-up costs, allowing immediate cash flow. The property benefits from its strategic location in a high-traffic area surrounded by complementary retail, entertainment, and residential developments, guaranteeing strong customer traffic and potential for future growth. The existing tenant base provides stability and ongoing revenue, making this a low-risk, high-reward investment with significant potential for future appreciation. The property's current configuration and location offer a solid foundation for continued success and potential expansion. This is a rare opportunity to acquire a well-established, income-generating commercial property in a thriving Simpsonville neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $9,332,880

  6.5%

  $8,614,970

  7%

  $7,999,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,311,990

  Geo Method

  $3,311,990

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,646,800

  Mixed-Use / Specialty

  $8,646,150

  Hospitality / Lodging

  $6,423,990

  Office

  $8,659,260

  Institutional / Educational

  $9,010,640

  Residential Income

  $10,542,400

  Multifamily

  $12,300,900

  Automotive / Energy

  $7,723,400

  Parking / Income-Based Land

  $2,604,100

  Restaurant / Food Service

  $4,629,030

  Healthcare / Senior Housing

  $8,802,990

Location Insight

City

Simpsonville

County

Greenville

State

South Carolina

Latitude

34.7595

Longitude

-82.2732

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].