Developers Hope to Avoid Stormy Weather
July 26, 2013Sam Ligon Joins Advisory Team at KDS Commercial Properties, LLC
October 11, 2013Woodruff Road has reclaimed the top spot among Greenville’s commercial corridors in gross sales, recording more than $700 million in 2012 to climb ahead of Haywood Road, a report presented at a Greenville City Council workshop shows.
After leading in 2011 with gross sales of about $625 million, Haywood Road slid below $600 million in 2012, the annual update presented Monday shows.
Laurens Road South/Motor Mile held the No. 3 spot at just below $550 million, followed by Fairforest Way/Mauldin Road at just under $500 million and Pleasantburg Drive at just under $450 million. In 2001 — the first year included in the report — Laurens Road South/Motor Mile was the No. 1 total gross sales area at about $775 million.
The report shows all commercial areas in the city combined in 2012 generated an estimated $28.1 million in property tax and hospitality tax revenue. That includes $22.4 million in property tax revenue, up from $19.1 million in 2010. The $5.7 million in hospitality tax revenue in 2012 increased from $4.8 million in 2010.
Downtown generated the most property tax and hospitality tax, with the report showing a total of $16 million in 2012 — $14.1 million in property tax and $1.9 million in hospitality tax — up from a total of $13.9 million in 2010. The Woodruff Road commercial area generated a total of $3.4 million in property tax and hospitality tax revenue in 2012, compared with $2.3 million in 2010, followed by Haywood Road at $2.9 million.
