For Sale Old Buncombe Road Greenville, South Carolina LOCATED IN THE PATH OF DEVELOPMENT. For More Information, Contact:

Transcription

1 LOCATED IN THE PATH OF DEVELOPMENT For Sale 1905 Old Buncombe Road Greenville, South Carolina For More Information, Contact: Rob Howell Senior Vice President Industrial & Investment Services O F C rob.howell@avisonyoung.com

2 1905 Old Buncombe Road Cedar Lane Road SITE Buncombe Road Old Buncombe Road Offering Property Information Avison Young is pleased to announce this ideal redevelopment building in the path of development. The property features a 3,200 sf office/shop building with a 500 sf metal shed building. Also included is a large fenced yard with ample parking for employees or guests. It may be an excellent restaurant conversion or a small company location. The property is conveniently located between Furman University and Downtown Greenville which are approximately 1.5 miles away. Additionally, this property sits 100 yards from the new Swamp Rabbit Orange Line and a 4 minute walk from the future Poe Mill Park and the American Spinning lofts, and Hampton Station. Snapshot Tax Map Acres GLA Zoning County Municipality acres 3,600 sf O-D Greenville Greenville Sale Information Sale Price: $250,000 Contact Information Rob Howell Senior Vice President C rob.howell@avisonyoung.com 2 Avison Young 511 Rhett Street, Ste. 2B Greenville, South Carolina O F Occupancy Parking Spaces Trailer Parking Floors Elevator Building Height Building Type Fenced Yard Sprinklers Rail Insulated Roof Insulated Walls Gas 100% 5 surface spaces No 1 No 14 feet Flex/Warehouse Yes No No Yes in office; no in warehouse No Available

3 1905 Old Buncombe Road Property Directions GREER GREENVILLE SITE If coming from Downtown Greenville, take N. Academy Street and make a left on College Street. Continue on Buncombe Street for 0.3 miles. Continue Straight onto SC-183/Pete Hollis B lvd for approximately 1 mile. Turn right onto Old Buncombe Road. In approximately 233 feet, the property will be located on the left side of the road. 3

4 1905 Old Buncombe Road 4 Property Photos

5 1905 Old Buncombe Road Zoning Map Zoning Code O-D: OFFICE DISTRICT Established to provide for office uses including but not limited to the following: accounting, advertising agency, bank, savings and loan, broadcasting studio, brokerage house, employment agency, insurance, professional offices, real estate and research facilities. C-2: COMMERCIAL Established to provide for the development on major thoroughfares of commercial land uses that are oriented to customers traveling by automobiles and for the convenience of local residents including but not limited to the following: Auto Service Facilities and Stations, Catering Establishment, Electronics and home appliance repair. The C-2 districts is the only district in Greenville County that allows for ABC (liquor sales), and night clubs/taverns. Single-Family and Multifamily residential uses are allowed as conditional uses. SITE S-1: SERVICES Established to provide a transition between commercial and industrial districts by allowing commercial uses which are service related and uses which involve light industry having a minimal effect of adjoining properties. The following are examples of permitted uses not limited to the following: institutional drycleaning, commercial and industrial gas sales, kennel (outside runs), pest or insect control business, photo processing (production). I-1: INDUSTRIAL Established as a district for manufacturing plants, assembly plants and warehouses. The following are examples of permitted uses not limited to the following: junkyards with a Special Exception, group industrial development, and industrial uses. RM-20: MULTIFAMILY RESIDENTIAL Established to provide for high population density. Minimum lot size - No minimum lot area for single-family detached, single-family attached (townhouses, condominiums), and two-family (duplex developments) under the open space option. Minimum lot size - 7,500 sq ft. For single-family detached and two-family (duplex developments). Minimum lot size for Multifamily dwellings - 12,000 sq ft; however, within a 12,000 sq ft multifamily development, no minimum lot size is required. Density = Maximum of 20 units per acre. R-7.5: SINGLE FAMILY RESIDENTIAL These districts are established as areas in which the principal use of land is for single-family dwellings, both attached (R-10, R-7.5, and R-6) and detached (all districts). Minimum lot size*: R-20: 20,000 sf 2.2 Dwellings Per Acre R-10: 10,000 sf 4.4 Dwellings Per Acre R-15: 15,000 sf 2.9 Dwellings Per Acre R-7.5: 7,500 sf 5.8 Dwellings Per Acre R-12: 12,000 sf 3.6 Dwellings Per Acre R-6: 6,000 sf 7.2 Dwellings Per Acre 5

6 1905 Old Buncombe Road 3 Mile Radius - Demographics KEY FACTS EDUCATION 71,472 Population % 2.36 Average Household Size Median Age $31,310 Median Household Income No High School Diploma 28% High School Graduate 24% Some College 24% Bachelor's/Grad/Prof Degree BUSINESS EMPLOYMENT 53% 4,170 Total Businesses 52,036 Total Employees White Collar Blue Collar Services 27% 20% 6.8% Unemployment Rate INCOME Households By Income The largest group: <$15,000 (24.2%) The smallest group: $150,000 - $199,999 (2.0%) Indicator Value Difference <$15, % +11.8% $15,000 - $24, % +6.0% $25,000 - $34, % +2.3% $35,000 - $49, % -0.5% $50,000 - $74, % -3.7% $75,000 - $99, % -4.2% $31,310 $20,724 $14,417 $100,000 - $149,999 $150,000 - $199,999 $200, % 2.0% 2.1% -6.7% -2.7% -2.2% Median Household Income Per Capita Income Median Net Worth Bars show deviation from Greenville County 6

7 1905 Old Buncombe Road Nearby Amenities GREER INLAND SITE GREENVILLE CENTRAL BUSINESS DISTRICT DISTANCES INTERSTATE 385 INTERSTATE 185 INTERSTATE 85 GSP AIRPORT INLAND PORT BMW MANUFACTURING 2 MILES 4 MILES 6 MILES 14 MILES 16 MILES 18 MILES 7

8 1905 Old Buncombe Road Local Happenings HAMPTON STATION BIRDS FLY SOUTH MULTIFAMILY TROLLEY "Work is ongoing in Greenville s west side Water Tower District as tenants continue to line up for a place at Hampton Station. The 100,000-square-foot former cotton warehouse on Hampton Avenue, down the street from Swamp Rabbit Café and Grocery, is already home to Lions Roar CrossFit and Invert Skate Shop. New tenants for the multiuse space include commercial real estate firm Avison Young, which will occupy 2,500 square feet. The firm is managing and leading the transformation of the property. LiveWell Greenville will also move its offices, taking 2,500 square feet..." "Birds Fly South Ale Project has officially landed at Hampton Station. The brewery occupies 9,000 square feet at the former cotton warehouse in Greenville s West End Water Tower District, and, according to brewer and co-owner Shawn Johnson, it was designed with an urban farmhouse feel. The location will include an indoor tasting room with a standup bar and roll-up doors, long farmhouse-style tables, barrel tables with stools and approximately 2,000 square feet of outdoor seating. The tasting room will offer 10 craft beer taps, focusing on saisons and sours, but including some IPAs and pale ales..." "Up the road on Academy at Westfield Street is a project that promise to be more than 200 luxury lofts. The Lofts of Greenville, as its named is an Arlington Properties project. The development is part of Mayor Knox White's vision for a Greenville's West Side. Read more here.a 365-unit apartment building called District West is popping up along Reedy View Drive behind Linky Stone Park. The project was originally slated to be completed by May 2016, with early residents moving in last February. The District West website now says leasing is available for July..." "One of the city s new trolleys would serve Augusta Street, Cleveland Park and the Greenville Zoo, while the other would serve the Village of West Greenville under routes unveiled by Greenlink Monday afternoon. The city is buying and funding operation of two new trolleys. The trolleys, which are being paid for through hospitality tax revenue, must support restaurants, retail, parks and leisure destinations outside the central business district by providing tourists and residents transportation. The trolleys are free and will start at Falls Park. The first proposed route would serve The Village of West Greenville by traveling Pendleton Street to Brandon Mill..." -Upstate Business Journal, June 29, Upstate Business Journal, August 19, Greenville News, June 16, Greenville Journal, January 17,

9 1905 Old Buncombe Road Local Happenings POINSETT CORRIDOR GREENCO BEV. MARKLEY STATION JUDSON MILL "The emerging Poinsett Corridor could support more rental housing, a tech and entrepreneurship district, and even an upper midscale hotel in the coming years, according to a new market analysis commissioned by the Greenville Revitalization Corp. In the wake of new activity such as the 11-acre Greenco Beverage distribution center and several years after launching a coalition to revitalize the corridor the report highlights what advocates have been saying for years, say stakeholders: Things are happening in the Poinsett Corridor..." "Founded in 1916, Greenco Beverage looks ahead to the next generation and continued growth in Greenville County including its new Poinsett Corridor distribution center... Established 100 years ago, family-owned Greenco is one of the area s largest beverage distributors. It is building a stateof-the-art 120,000-square-foot distribution center on Poinsett Highway in Greenville to replace the company s outdated facility on Commerce Road. The new facility will help propel Greenco forward into a second century of business, one Farr vows will be of continued growth and expansion and not just hanging on..." "RealOp Investments, a Greenville-based commercial real estate investment group, has purchased four vacant buildings on Markley Street and plans to renovate and preserve the former warehouse property in the city s historic West End. RealOp officials said the urban revitalization project, called Markley Station, continues the neighborhood s ongoing development and momentum. It will blend historic buildings with timeless finishes to house a mix of offices, retail and restaurants, the officials said. RealOp also purchased property across the street that the company intends to convert into parking..." "A North Carolina company plans a major redevelopment of the 36-acre Judson Mill property near downtown Greenville that would include office and warehouse space, up to 400 apartments and retail space along U.S. 123 that could house a grocery. The proposed mixed-use development at the 100-year-old textile manufacturing complex at 701 Easley Bridge Road (U.S. 123) would also involve construction of a two-deck parking garage with 400 spaces, according to plans on file at County Square. Spartanburg s Milliken & Co. was making textiles at the West Greenville site until last year, when it closed the yarn plant, affecting 200 workers..." -Upstate Business Journal, February 10, Upstate Business Journal, July 7, Upstate Business Journal, August 11, Upstate Business Journal, November 17,

10 Thank you. avisonyoung.com 511 Rhett St, Ste. 2B Greenville, South Carolina O F Avison Young - South Carolina, Inc.