1520 E Greenville St - Freestanding FOR SALE


Anderson, SC 29621- Anderson Core
$1,250,000 USD
312-543-0090
1520 E Greenville St, Anderson, SC for Sale
$1,250,000 USD
Freestanding - FOR SALE
1/16
null | Request Cap Rate

1520 E Greenville St
Anderson, SC 29621
Anderson Core


HIGHLIGHTS

  • STARTING BID $1,250,000 | 25% Occupied | 26,000 VPD Traffic Count | AUCTION MARCH 10-12, 2025
  • 82,267 SF Multi-Tenant Shopping Center in Greenville MSA
  • National Tenants at the Center Include Goodwill and ATI Physical Therapy
  • Located at Signalized Intersection with Traffic Counts of ±26,400 VPD
  • Surrounding Traffic Generators: Publix, Walgreens, CVS, Chick-Fil-A, Sonic, Starbucks, AnMed, and Anderson University
  • 7% Population Growth Projected Over the Next 5 Years

OVERVIEW

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace https://rimarketplace.com/auction/2340/windsor-place-shopping-center-25-occupied-26-000-vpd-traffic-count?utm_source=costar Marcus & Millichap is pleased to offer for sale the fee simple interest in Windsor Place, a ±82,267 square foot multi-tenant retail center located at 1520 E Greenville Street in Anderson, South Carolina (the "Property”). The Property presents a strong reposition opportunity to purchase a 25% occupied shopping center within the growing, dynamic Greenville, SC MSA. Windsor Place is a 30-minute drive from Downtown Greenville, SC, and it consists of a multi-tenant building totaling ±82,267 square feet and 456 parking spaces on 9.58 acres. The Property offers excellent visibility, convenient access, and ample surface parking for both tenants and visitors. The zoning designation allows for a variety of uses which should give the next owner flexibility when repositioning the asset . There is also a cell tower ground lease on the property which could be monetized/sold by the next owner. Located at the signalized intersection of E Greenville Street, with access at Rantowles Road and McLees Road, the property benefits from building and monument signage along E Greenville Street, with traffic counts of 26,400 vehicles per day. The Property is occupied by several tenants including Goodwill, Kid City, and ATI Physical Therapy. Several tenants have recently renewed leases. The Property is strategically positioned within a major retail corridor, surrounded by prominent retailers including Publix, Walgreens, CVS, Chick-Fil-A, Sonic, Starbucks, and more. There is tenant interest in the recently available Badcock Furniture space. Please contact Andrew Margulies for additional information. The Property is located 1.5 miles from the AnMed Medical Center, a 695-bed, not-for-profit health system serving the Upstate South Carolina region. With more than 400 physicians and 3,700 employees, AnMed is Anderson County's largest employer. Anderson is part of the Greenville, SC MSA and strategically located along Interstate 85, providing excellent connectivity to major metropolitan areas like Atlanta (approximately 120 miles southwest), and Charlotte (about 135 miles northeast). The region's population growth, affordable cost of living, and proximity to Lake Hartwell—a popular destination for boating and fishing—enhance its appeal for both businesses and residents. The Property benefits from a strong retail submarket that has a vacancy rate of 1.0% as of the fourth quarter of 2024. Market rents in the Highway 81 Corridor retail submarket are $17.60/SF and have increased by 4.3% year over year. The area is characterized by compelling demographics, with a 2024 population of approximately 76,076 people and an average annual household income of approximately $67,213 within a 5-mile radius. The region has experienced significant growth, with an approximate 4.88 % increase in the population from 2020 to 2024, and is projected to grow another 7.2% over the next five years (5-mile radius).

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$15 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Windsor Place Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

456

LAND DETAILS

LAND ACRES

9.58 AC

LAND SF

417,305 SF

ZONING

GC

APN/PARCEL ID

148-08-02-001

ASK ABOUT THIS PROPERTY

Andrew MarguliesMarcus & MillichapMore Info
312-543-0090

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Andrew MarguliesMarcus & MillichapMore Info
312-543-0090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.