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Five-Story Mixed-Use Building

111 E Main St, Spartanburg, SC 29306

For Lease
New
Contact for pricing

Planned redevelopment combines apartments with ground-floor retail and restaurant space.

Space Size5,691 SF
Days on Market4

Property Features for 111 E Main St

General Information

Standard status Active
Size 5,691 SF
Property subtype RETAIL
Lease Type NNN

Space & Availability

Floor Ground
Space Use Restaurant

Building Details

Stories 5

Spaces For Lease

at 111 E Main St
111 E Main St $32/SF/Yr
Size 5,691 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
-Prime Downtown Location on Main Street. -The $11 million project will involve the redevelopment of the historic Montgomery Ward department store and 109 E Main St to a new five-story building with space for an internal courtyard. - The project will create 25 1, 2, and 3 bedroom apartments with 5,000 square feet of retail space on the ground floor and another 2,000 SF for a restaurant.
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Listing Agency: Roadstead Real Estate Advisors Upstate LLC
Listed By: John Bauknight
Source: Moodyscre
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:39PM

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 Roadstead Real Estate Advisors Upstate LLC

Rey
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Investment Insights

Based on property information with market context.

A redevelopment plan calls for replacing the historic Montgomery Ward department store and 109 E Main St with a five-story building that includes an internal courtyard. The proposed project is planned to contain 25 apartments with one-, two-, and three-bedroom layouts, plus ground-floor commercial space.

The plan includes 5,000 square feet of retail space and an additional 2,000 SF designated for a restaurant at 111 E Main St in Spartanburg, South Carolina.

Key Highlights

  • Proposed five‑story redevelopment with an internal courtyard
  • Plan includes 25 apartments in one-, two-, and three‑bedroom layouts
  • 5,000 square feet of ground‑floor retail space

Property Analytics

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Open Analytics

Current Use

ATM Atm Smoking Butt Heads ... Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Locksmith Tanning Salon Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,873
Businesses Nearby
73k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 64% Shops & Services 22% Hotels & Casinos 14% Home Improvements & Furnishings 1%
Krispy Kreme Doughnuts Dining
41,741 visits/mo 0.4 miles
Spartanburg Marriott Hotels & Casinos
10,269 visits/mo 0.3 miles
Family Dollar Shops & Services
4,839 visits/mo 0.4 miles
Groucho's Deli Dining
4,439 visits/mo 0.1 miles
Bank of America Shops & Services
2,769 visits/mo 0.4 miles

Demographics for 29306, SC

16,822
Population
7,618
Households
2.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
19.5 sq mi
ZIP Area
863
Density / Sq Mi
$38,858
Median Household Income
$30,629
Median Earnings
$913
Median Rent
$159,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Planned redevelopment combines apartments with ground-floor retail and restaurant space.
Where is this mixed-use property located?
The property is located at 111 E Main St Spartanburg, SC.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Proposed five‑story redevelopment with an internal courtyard; Plan includes 25 apartments in one-, two-, and three‑bedroom layouts; 5,000 square feet of ground‑floor retail space
(864) 809-9900 · Office Call to check price and availability
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