Blackstream CRE is proud to preset to market this prime 9-acre parcel on Wade Hampton Boulevard (U.S. Highway 29) in Greenville, SC. An outstanding investment opportunity in one of the Southeast’s fastest-growing commercial sectors that is the I85 Corridor, the opportunity offers frontage along a 6 lane boulevard that connects downtown Greenville, SC to downtown Spartanburg, SC. +/- 1.5 acres of the property are zoned C2, with 177ft of direct Highway 29 frontage, making it ideal for retail, dining, or service businesses. C-2 zoning is the most flexible commercial classification in Greenville County, allowing for retail stores, restaurants, offices, entertainment venues, and liquor sales, which are unique to this zoning type. The remaining +/- 7.8 acres, zoned R-20, add long-term development potential but are secondary to the commercial value; benefits from high daily traffic counts, strong consumer demand, permissible use and excellent visibility.
The Greenville-Spartanburg MSA is experiencing rapid population and economic growth, fueling strong retail demand. Vacancy rates are at a historic low of +/-3.3%, while lease rates have risen +/-5.6% year-over-year to +/-$17.50 per square foot, outpacing national averages. Retail employment has reached a two-decade high, comprising +/-11% of the workforce. Developer confidence remains strong, with nearly +/-300,000 square feet of new retail space delivered in the past year and over +/-122,000 square feet currently under construction.
Surrounded by national retailers, thriving businesses, and expanding residential communities, this property is ideally positioned for high-traffic commercial use. Highway 29 frontage, C2 zoning, and value add potential in a booming retail market make it a rare opportunity for business owners seeking retail developments in Greenville SC, one of this region’s most dynamic economic hubs.
Matthew Nocella
Blackstream Commercial
