701-723 Sulphur Springs Rd | Greenville, SC 29617
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701-723 Sulphur Springs Rd
Greenville, SC 29617
Berea Plaza · Retail Property For Sale
Investment Highlights
- Berea is a rapidly growing community in Greenville’s westside with new residential development and steady commercial growth
- Value-add opportunity with all existing tenants on month to month or short term leases with landlord termination rights
- Plaza is surrounded by three established roads providing excellent access and traffic
- Asking Price of $84/SF is well below replacement cost of existing structures
- Provide ability to redevelop and mark to market immediately along with ability to monetize corner outparcels
- Buyer will want to initiate the Voluntary Cleanup Contract (VCC) with SCDES
Executive Summary
Investment Highlights
• Berea is a rapidly growing community in Greenville’s westside with new residential development and steady commercial
growth including national retailers
• Asking Price of $84/SF is well below replacement cost of existing structures
• Value-add opportunity with all existing tenants on month to month or short term leases with landlord termination rights to
provide ability to redevelop and mark to market immediately along with ability to monetize corner outparcels
• Plaza is surrounded by three established roads providing excellent access and traffic
• Buyer will want to initiate the Voluntary Cleanup Contract (VCC) with SCDES
• Berea is a rapidly growing community in Greenville’s westside with new residential development and steady commercial
growth including national retailers
• Asking Price of $84/SF is well below replacement cost of existing structures
• Value-add opportunity with all existing tenants on month to month or short term leases with landlord termination rights to
provide ability to redevelop and mark to market immediately along with ability to monetize corner outparcels
• Plaza is surrounded by three established roads providing excellent access and traffic
• Buyer will want to initiate the Voluntary Cleanup Contract (VCC) with SCDES
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
41,747 SF
Building Class
B
Year Built
1980
Price
$3,499,000
Price Per SF
$84
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Slab To Slab
15’
Building FAR
0.20
Lot Size
4.80 AC
Zoning
C2
Parking
200 Spaces (4.79 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | B016.00-02-001.00 | Improvements Assessment | $10,980 |
| Land Assessment | $29,100 | Total Assessment | $40,080 |
PROPERTY TAXES
Parcel Number
B016.00-02-001.00
Land Assessment
$29,100
Improvements Assessment
$10,980
Total Assessment
$40,080
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