Historic downtown Greenville site listed at $4.2M for redevelopment potential

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A potential redevelopment opportunity on Greenville’s North Main Street is for sale for $4.2 million.

Directly across the street from McPherson Park and at the corner of Academy Street sits 429 N. Main St., 1.2 acres of commercial land that has historic ties and one block away from the new Cultural Corridor Project.

There are two buildings on the property. The back structure is an office building, and the front building was the original Daniel Construction office before they built the tower now known as The Daniel, said Chandler Ayers, Reedy Commercial senior associate. The site is currently owned by the Trinity Lutheran Church, which is next door to the property, and for sale because the church no longer has a need for the office space, said Ayers.

“They would like to use the capital from the sale of the property to expand their ministries,” he added.

The Cultural Corridor is the section of College and Buncombe streets between Main Street and Heritage Green. The project, currently under construction, will include street resurfacing, landscaping, multi-use paths, traffic signal upgrades and street/pedestrian lighting, with the goal of safe walking and biking between downtown Greenville and the city’s cultural amenities — including museums, theaters and the main library.

The targeted use of the property listed is for mixed-use development including office, retail, multifamily, and hospitality.

Related story: $4M renovation begins on 60-year-old downtown Greenville building

When asked if the plan is to demolish the existing buildings on the site or just renovate them, Ayers said that would be a buyer decision.

“I foresee the site being purchased as a redevelopment opportunity,” said Ayers. “The zoning encourages mixed use and high density residential. I foresee a buyer tearing the buildings down to build mixed use/multifamily. We have received a lot of inquiries but have not accepted an offer.”