Retail/Development Site For
103 Jones Rd Spartanburg, SC 29303
103 Jones Rd, Spartanburg, SC, 29303
Contact for pricing
For Sale
Contact for pricing
2+/- acres with 2,100+/- sq ft building near I-85.
Property Size2,100 SF
Lot Size2.00 Acres
Price / SF$266.19
Days on Market617
Property Features for 103 Jones Rd
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 2.00 Acres
- Property subtype
- Retail, Land
Listing Agency
McDaniel & Company
(864) 576-4660
Listed by
Emma McDaniel Lunning, CCIM · License #SC 126662
Source
Crexi
Added: Nov 8, 2024 Checked: Jul 17 at 7:52 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McDaniel & Company
Investment Insights
Based on property information with market context.
This property features 2+/- acres of land with a 2,100+/- sq ft building that has been partially renovated inside. It is located off I-85 and includes a double-sided billboard with I-85 exposure. The I-85 traffic count is 70,100. The property is ideal for a retail location or development site. It has two access points on Jones Road. Major retailers are located within a 1-mile radius, including Starbucks, Hardees, Burger King, Subway, Arby's, Waffle House, QT, McDonalds, Bojangles, Wendy's, Advanced Auto Parts, RaceWay, and Ingles.
Key Highlights
- Billboard with I‑85 exposure (70,100 traffic count)
- 2+/- acres off I‑85
- Ideal for retail location/development site
Local Financial Insights For Retail
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 | $37.8k | $18.00 |
| − Vacancy | −$3.3k | −$1.57 |
| EGI | $34.5k | $16.43 |
| − OpEx | −$10.4k | −$4.93 |
| NOI | $24.2k | $11.50 |
2,100 SF · lease $18.00/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$345.1K
$302.0K – $402.6K
NOI $24,158 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,119 @ 7.0% cap · market cap 20.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 2+/- acres with 2,100+/- sq ft building near I-85.
Where is this retail space located?
The property is located at 103 Jones Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Billboard with I‑85 exposure (70,100 traffic count); 2+/- acres off I‑85; Ideal for retail location/development site
