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606 Augusta St - Redevlopment Opportunity

0.61 Acres of Commercial Land Offered at $2,150,000 in Greenville, SC 29605

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Investment Highlights

Located in Downtown Greenville, SC within the general West End District
.606 Acres
Zoning - MX-2

Frontage on Augusta Street (100 feet), Dunbar Street (300 feet) and Burns Street (80 feet)
100% leased through January 2025

Executive Summary

The subject property is improved with a converted residential style structure that is occupied by an emergency safe house shelter. The owner will sale and leaseback through July 2025. Based on the underlying land values, the market value as vacant, less demolition, exceeds the value of the site as improved.
**All showings are by appointment only with prequalification and a seventy-two hour notice.**

606 Augusta Street Updated

Property Facts

Price	$2,150,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Multifamily
Sale Conditions	Sale Leaseback	Total Lot Size	0.61 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$2,150,000
Sale Type	Investment or Owner User
Sale Conditions	Sale Leaseback
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily
Total Lot Size	0.61 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$2,150,000	Lot Size	0.61 AC
Price Per AC	$3,524,590

Price	$2,150,000
Price Per AC	$3,524,590
Lot Size	0.61 AC

The corner site has frontage on Augusta Street (100 feet) and Dunbar(300 feet)Street and Burns Street (80 feet). The site is within the city limits of Greenville, South Carolina.

Description

Hard corner site that fronts Augusta Street (100'), Dunbar Street (300') and Burns Street (80'). All showing must be scheduled as the site operates as a shelter. The owner has built a new facility and will relocate in July of 2025. Owner is agreeable to a sale-leaseback.

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Walk Score ®

Very Walkable (79)

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PROPERTY TAXES

Parcel Number	0095.00-01-002.00	Improvements Assessment	$112,880
Land Assessment	$141,770	Total Assessment	$254,650

PROPERTY TAXES

Parcel Number

0095.00-01-002.00

Land Assessment

$141,770

Improvements Assessment

$112,880

Total Assessment

$254,650

zoning

Zoning Code	MX-2 (Mixed Use 2 - City of Greenville. Highest and Best use: Redevelopment)
MX-2 (Mixed Use 2 - City of Greenville. Highest and Best use: Redevelopment)

Listing ID: 30176289
Date on Market: 11/28/2023
Last Updated:
Address: 606 Augusta St, Greenville, SC 29605

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606 Augusta St, Greenville, SC for sale Building Photo- Image 1 of 2 — 606 Augusta Street

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