Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    226 E Main Street Union, SC 29379

    View on Map
    Claim this Listing
    For Sale
    $197,000

    Improved Commercial - Union, SC

    Property size:
    4,300 SF
    Lot size:
    0.10 Acres
    Added:
    Nov 14, 2024
    Days on Market:
    519
    Last Refresh:
    Apr 17 at 12:06 am

    Property Features for 226 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Standard status
    Active
    Size
    4,300 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    455

    Building Details

    Flooring type
    Linoleum, Vinyl, Wood
    Roof type
    Aluminum
    Architectural style
    Other

    We can help!

    Listing Contact
    Jenna Fleming
    Jenna Fleming

    Listing agent Jenna Fleming License #129798

    Listing office Keller Williams on Main 607 E. Main Street, Spartanburg, SC

    Listing date Nov 14, 2024

    MLS# 317305 Listing URL

    Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Improved Commercial Space in Union, SC

    Located on East Main Street in Union, South Carolina, this commercial property presents an opportunity for various business ventures. Currently operating as a nail salon, the corner lot building has undergone extensive improvements, including the addition of a second floor supported by steel beams, commercial-grade sheetrock, and upgraded electrical wiring and panel box. The second floor also features a kitchenette. The property includes a total of four restrooms, with two equipped with showers. The building is situated near other properties undergoing revitalization, which is expected to increase foot traffic and enhance the appeal of the downtown area. The property offers a total of 4300 square feet of space on a 0.1-acre lot. The property may also be suitable for an upstairs residential space upon obtaining city approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vip Nails & Spa Nail Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    South Carolina
    Longitude
    -81.6213516
    Latitude
    34.7152984

    Nearby Similar for Sale

    • $87,500

      Downtown Union Storefront with Patio

      Commercial storefront in historic downtown Union with development-ready patio.
      116 W Main Street, Union, SC 29379
      View Details
    • $87,500
      1,250 SF

      Downtown Union Storefront with Patio

      Commercial storefront in historic downtown Union with development-ready patio.
      116 W Main Street, Union, SC 29379
      View Details
    • $74,000
      3,884 SF

      Union, SC Multi-Use Property

      Commercial space with open layout and multiple rooms/bathrooms.
      237 Thompson Boulevard, Union, SC 29379
      View Details
    • $2,300
      4,200 SF

      Historic Commercial Space on Main

      Charming 4,200 SF commercial space in historic Union, SC.
      110 E Main Street, Union, SC 29379
      View Details
    • $11,000,000

      Historic Mill Redevelopment Opportunity

      700,000 SF industrial/redevelopment space on 17 acres.
      129 Monarch Highway, Union, SC 29379
      View Details
    • $265,000

      Historic Building on Main Street

      Historic building in downtown Union with retail/restaurant potential.
      208 East Main Street, Union, SC 29379-0208
      View Details
    • $675,000
      7,200 SF

      Turn-Key Auto Business Opportunity

      Established tire and auto business on a 1.69-acre lot.
      739 N Duncan Bypass, Union, SC 29379
      View Details
    • $85,000
      2,046 SF

      Event Center Opportunity in Union

      Event center opportunity with open space in Union County.
      2205 Whitmire Highway, Union, SC 29379
      View Details
    • $1,325,000

      Spacious Country Living on Acres

      Custom-built home on 30+ acres with guest quarters and pasture.
      1955 Jonesville Lockhart Highway, Union, SC 29379
      View Details
    • $155,000
      5,535 SF

      Retail Property Near Downtown Union

      Retail property with ample parking near Union Medical Center.
      101-103 S Boyce St, Union, SC
      View Details
    • $125,000
      3,400 SF

      Historic Main Street Commercial Property

      Commercial property on Historic Main Street with two retail spaces.
      120 W Main Street, Union, SC 29379
      View Details
    • $1,975,000
      126,977 SF

      Adaptive Reuse Opportunity

      127,000 SF building in Union, SC, for adaptive reutilization.
      322 W South St, Union, SC 29379
      View Details

    FAQs

    What type of property is this?
    Retail space - Unique commercial property with recent improvements and potential residential space.
    Where is this retail space located?
    The property is located at 226 E Main Street Union, SC.
    What is the asking price?
    The asking price for this property is $197,000.
    What are key features of this property?
    This property features: Price Reduced!; Extensive improvements including added second floor with steel support beams.; Potential for a variety of businesses or residential space (with city approval).
    (864) 466-2206
    We can help!
    Listing Contact
    Jenna Fleming
    Jenna Fleming
    Real Estate License ID: 129798
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!