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5 Cedar Ave - 5 Cedar Avenue Mobile Home Park 2.97 Acres of Commercial Land Offered at $2,250,000 in Greenville, SC 29605
Investment Highlights
- Stabilized cash flow
- Individually metered utilities
- Tight local housing market
- 26 lots at $86,207/space
- Prime Greenville County location
- Value-add potential
Executive Summary
All units are park-owned with current lot rents ranging from $625 to $950 per month. A detailed rent roll is available upon request.
Utilities are separately metered where possible; the site has three water meters, and electric and internet service are individually metered to each home.
Location-wise, the property sits centrally in Greenville County with easy access to major employment and retail corridors: roughly 10 minutes to the Augusta Road Shopping District, 10-15 minutes to Prisma Health Greenville Memorial Hospital, 15 minutes to Downtown Greenville/Main Street, Fluor Field and the West End, and the I-85/I-385 interchange, 15-20 minutes to the Woodruff Road retail corridor, and about 25 minutes to Greenville-Spartanburg International Airport (GSP).
Greenville County continues to show strong fundamentals for workforce and affordable housing: median household income of $76,932, median gross rent of $1,262/month, a 68.9% homeownership rate, and a tight 7% rental vacancy rate. Mobile homes make up 8.7% of county housing stock, underscoring continued demand for this asset class in a market where entry-level housing options remain limited.
This is an opportunity for an investor to acquire a stabilized, income-producing manufactured housing community with room to add value through lot rent increases, converting park-owned homes to tenant-owned status, and continued operational efficiencies.
All interested parties should conduct their own due diligence. Freedom Commercial has not independently verified square footage, environmental conditions, or code compliance, and makes no warranty as to the accuracy of the information provided. Please contact the listing team for financials, rent roll, and showing instructions.
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Property Facts
| Price | $2,250,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 2.97 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $2,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.97 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,250,000 | Lot Size | 2.97 AC |
| Price Per AC | $757,575.76 |
| Price | $2,250,000 |
| Price Per AC | $757,575.76 |
| Lot Size | 2.97 AC |
±2.97 acres across two parcels (TMS 0399000104400 & 0399000104700) improved with a 26-lot mobile home park in Greenville, SC. Three water meters; electric and internet individually metered. Minutes to Augusta Rd, Downtown Greenville, and I-85/I-385.
Description
5 Cedar Avenue is a 26-lot manufactured housing community offered for sale at $2,250,000. The property spans ±2.97 acres across two parcels (TMS #0399000104400 and #0399000104700) located off Donaldson Road, just south of downtown Greenville. All units are park-owned! Infrastructure at the property includes three water meters with electric and internet individually metered to each lot. Located in one of Greenville County's established residential corridors, the property benefits from strong proximity to nearby amenities: approximately 10 minutes to the Augusta Road Shopping District, 10-15 minutes to Prisma Health Greenville Memorial Hospital, 15 minutes to Downtown Greenville and Main Street, Fluor Field, and the West End, 15 minutes to the I-85/I-385 interchange, 15-20 minutes to the Woodruff Road retail corridor, and roughly 25 minutes to GSP International Airport. Nearby municipalities include Gantt, Mauldin, Conestee, and Simpsonville. Greenville County's demographic profile supports continued demand for affordable and workforce housing. The county's 2025 population is estimated at 583,125 across 220,565 households, with a median household income of $76,932 and median property value of $299,000. Median gross rent sits at $1,262 per month, and the county maintains a tight 7% rental vacancy rate alongside a 68.9% homeownership rate; conditions that continue to support manufactured housing as a lower-cost ownership and rental alternative. The county's top employment sectors are education/health/social services (19.7%), manufacturing (15.8%), and professional/scientific/management services (15.3%), providing a diverse and stable tenant base. This offering represents a turnkey opportunity to acquire a cash-flowing mobile home park in a supply-constrained submarket, with upside potential through lot rent increases, selective home conversions, and continued operational management. The information contained in this listing has been obtained from sources believed reliable; however, Freedom Commercial has not independently verified this information and makes no warranty or representation as to its accuracy or completeness. Interested parties are responsible for conducting their own due diligence.
