Office Building with Meeting
449 W Centennial Street Spartanburg, SC 29303
449 W Centennial Street, Spartanburg, SC, 29303
$725,000
For Sale
$725,000
COMMERCIAL - Spartanburg, SC
Property Size2,900 SF
Lot Size0.50 Acres
Price / SF$250
Days on Market37
Property Features for 449 W Centennial Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 7-07-12-107.00
- Lot size
- 0.50 Acres
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Building materials
- Brick
Listing agency
Laura Simmons & Associates RE
(864) 608-1510
Listed by
Michelle Stenersen · License #118479
(864) 884-1392
Added: Jun 17 Checked: Jul 23 at 12:06AM
MLS# 1583969
Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile commercial building offers approximately 2,900 sq ft on the main level and an additional 1,000 sq ft unfinished basement on a 0.50-acre lot. The main level includes a reception area, a file room, three private offices, and a large open room currently used for a church or meeting space. The basement is unfinished and can serve as storage, a workshop area, or space for future expansion.
The property is located at 449 W Centennial Street in Spartanburg and is described as being just minutes from downtown Spartanburg and Cleveland Park. The listing also notes excellent visibility and easy access, which can support a range of office, community, and service uses.
The seller is open to either purchase or lease opportunities, making the property a flexible fit for tenants and operators seeking an adaptable footprint. With private offices alongside a sizable open room, the space can work for professional office users as well as church, nonprofit, retail, or service organizations. The unfinished basement adds practical utility for storage and potential growth within the building.
The property is located at 449 W Centennial Street in Spartanburg and is described as being just minutes from downtown Spartanburg and Cleveland Park. The listing also notes excellent visibility and easy access, which can support a range of office, community, and service uses.
The seller is open to either purchase or lease opportunities, making the property a flexible fit for tenants and operators seeking an adaptable footprint. With private offices alongside a sizable open room, the space can work for professional office users as well as church, nonprofit, retail, or service organizations. The unfinished basement adds practical utility for storage and potential growth within the building.
Key Highlights
- Versatile commercial property suitable for purchase or lease.
- Prime location minutes from downtown Spartanburg and Cleveland Park with excellent visibility and easy access.
- Approximately 2,900 sq ft on the main level plus a 1,000 sq ft unfinished basement.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.9k | $24.12 |
| − Vacancy | −$10.2k | −$3.51 |
| EGI | $59.8k | $20.61 |
| − OpEx | −$14.9k | −$5.15 |
| NOI | $44.8k | $15.46 |
2,900 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Office B
$640.4K
$560.4K – $747.1K
NOI $44,828 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.25M
$1.97M – $2.63M
NOI $157,593 @ 7.0% cap · market cap 21.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - Versatile office and meeting layout with reception, private offices, and a large open room plus an unfinished basement.
Where is this church & religious facility located?
The property is located at 449 W Centennial Street Spartanburg, SC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Versatile commercial property suitable for purchase or lease.; Prime location minutes from downtown Spartanburg and Cleveland Park with excellent visibility and easy access.; Approximately 2,900 sq ft on the main level plus a 1,000 sq ft unfinished basement.
