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206 Main St
Greenwood, SC 29646
Retail Property For Sale


EXECUTIVE SUMMARY
Historic Property in Uptown Greenwood! This distinctive commercial property celebrated its Centennial Anniversary in 2017! Originally built in 1917, this rare beauty offers just under 5,000sqft of versatile space situated in the vibrant Uptown Greenwood historic district and is unobstructed from the Uptown façade arcades. Originally serving as retail over the years, 206 Main has been thoughtfully repurposed to accommodate a variety of commercial uses. Key Features: Spacious Layout: The upper floor interior boasts two bathrooms with an open floor plan providing flexibility for various business configurations with seven private office suites, shared kitchenette, and a large industrial-inspired smart boardroom. The primary office suite overlooks Main and has a prime view of all things Uptown (i.e festivals & parades)! The street level storefront is absolutely gorgeous with original hardwood floors and ghost murals adorned by chandeliers, a spacious back office, potential loading dock, and a handicap accessible restroom. Additionally, a large basement can be found under the street level for storage…or for future projects. Prime Location: Located in the heart of Uptown Greenwood, the property benefits from high visibility and foot traffic, making it ideal for retail, office, or mixed-use purposes. Historical Charm: Retaining much of its original character, the building features architectural details that reflect its early century origins. Original ghost murals captivate and span across both floors, with an authentic, almost pristine vintage Coca-Cola mural as a crown jewel that was preserved behind layers of plaster before renovations took place 100 years later...true buried treasure! Ample Parking: The expansive city front lot offers abundant parking space for customers (city owned parking lot). 206 Main's adaptable space and central location present a unique opportunity for entrepreneurs seeking a historic setting for their business endeavors. 206 Main Street is also currently home to a luxury Persian rug purveyor, Rugs of Distinction. The second level houses Think Tank on Main, a collaborative co-working and event space. All remaining furnishings (upstairs only)as you will see during your tour are included in the sale making this property turnkey and ready for a new business/owner! Both floors have their own respective entrances, giving this property all sorts of potential advantages. This adaptive reuse project transformed an old historic building into a vibrant hub for entrepreneurs, creatives, and community events. The interior design thoughtfully integrates historic murals and architectural elements, preserving the building's character while providing modern amenities for its users. This property continues to offer a dynamic environment for professionals, artists, and entrepreneurs to collaborate and innovate. Nearby, you'll find other notable establishments that contribute to the vibrant atmosphere of Main Street such as The Arts Center, Greenwood Community Theater, Inn on the Square, and upcoming Oregon Station! As an added bonus, 206 Main utilized the Bailey Bill to facilitate its renovation, demonstrating how such incentives can make historic preservation projects financially viable and contribute to the revitalization of downtown areas. 206 Main was awarded the Bailey Bill (a tax abatement program for private investors) and is potentially conveyable to the next owner. The furniture and fixtures remaining upstairs during your tour convey with the sale. The businesses do not transfer.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,684 SF
Building Class
B
Year Built
1917
Price
$749,000
Price Per SF
$159.91
Cap Rate
10%
NOI
$74,900
Tenancy
Single
Building Height
2 Stories
Building FAR
1.71
Lot Size
0.06 AC
PROPERTY TAXES
| Parcel Number | 6845-890-985-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,100 |
PROPERTY TAXES
Parcel Number
6845-890-985-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,100
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