3505 Augusta Rd, Greenville, SC 29605

Opportunity to acquire a 42-unit multifamily development site located on August Road, one of Greenville's most prominent gateway corridors and a highly desirable residential growth area. Positioned less than one mile from major retail centers, grocery stores, restaurants, and everyday services, the property offers future residents an exceptional location with convenient access to employment, shopping, and entertainment destinations throughout the Greenville market.

The project was previously fully entitled and approved by the City of Greenville, with Site Plan and Civil Plan approvals obtained in late 2022 and Building Plan approvals secured in early 2023. While certain approvals have expired and will require resubmission, the project has already successfully navigated the entitlement process, substantially reducing development risk and shortening the timeline to construction compared to a typical multifamily development opportunity. Building plan updates may be required to comply with current code requirements.

A significant value component of this offering is the inclusion of approximately $200,000 in completed third-party reports, engineering, and architectural work, allowing a buyer to avoid substantial predevelopment costs and accelerate the path toward permit reapproval and construction commencement.

Included in the sale:

• Phase I Environmental Assessment
• Geotechnical Report
• Fire Flow Test
• ALTA Survey
• Tree Survey
• Plat
• Civil Engineering Plans
• Landscape Plans
• Architectural Plans
• Building Renderings
• Floor Plans

The project consists of a single three-story apartment building containing 42 residential units, designed to efficiently maximize density while maintaining an attractive streetscape along one of Greenville's most visible corridors.

Greenville continues to rank among the Southeast's strongest multifamily markets, supported by sustained population growth, corporate investment, expanding employment opportunities, and increasing housing demand. With Downtown Greenville located approximately 12 minutes away, interstate access less than one mile from the site, and a substantial portion of the entitlement and design work already completed, this offering presents a unique opportunity to acquire a development-ready asset with significant time, cost, and entitlement advantages.