Listed by Spencer/Hines Properties
$7,000,000
120 Broadus Ave.
Details
APN 0044000100500
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 20,000
NOI $420,277
Stories 2
Acreage 1.430
Investment Type Institutional
Investment Opportunity Downtown Greenville | 20,000 SF
Marketing description
Excellent investment opportunity
NOI: $420,277.50/Year
Desirable Underlying real estate with great potential for future redevelopment
Located in the Pettigru District of Downtown Greenville minutes from Main Street, restaurants, shops, etc.
Easy access from I-385 at the Gateway into Downtown Greenville
Ample surface parking onsite
Elevation of site offers great mountain views
City Of Greenville | Zoned: RNX – B | Tax Map #: 0044000100500
Tenant Information:
Tenant 1: (±15,000 SF) ABS Kids. Brand new 10-year lease in place with qualified national tenant commencing on March 1, 2025. New Landlord and Tenant Improvements exceed $650,000
Tenant 2: (±5,000 SF) American Leprosy Missions, Inc. On third renewal option
Listing Contacts
Listed by Spencer/Hines Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$420,277.00
$35,023.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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Property History
Tax History
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