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

    2700 E Main St Spartanburg, SC 29307

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7.76 acres on E. Main Street's busy commercial corridor.

    Lot size:
    7.76 Acres

    Property Features for 2700 E Main St

    General Information

    Lot size
    7.76 Acres

    We can help!

    Listing Contact
    Andy Hayes
    Andy Hayes
    Source: Moodyscre

    Listing Agency: Spencer/Hines Properties Spartanburg Listing Agent: Andy Hayes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    7.76 Acres on E. Main

    This property features approximately 7.76 acres situated on the busy commercial corridor of E. Main Street (Highway 29). It presents a redevelopment opportunity suitable for assisted living, office space, or multifamily housing. The site boasts frontage of approximately 303 feet on E. Main Street and approximately 517 feet on Plainview Drive, offering high visibility with over 27,000 vehicles passing per day on E. Main Street. Located in Spartanburg County, the property is not zoned but is subject to the Unified Land Management Ordinance. The area is experiencing high growth, with approximately 3,000 new residential units planned nearby. This location is suitable for retail or mixed-use development. The property is identified as Spartanburg County Tax Map#: 7-09-00-011.00.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.8701875
    Latitude
    34.9800332

    Nearby Similar for Sale

    • New
      $349,900
      3,445 SF

      Versatile Commercial Building in Spartanburg

      Adaptable commercial building suitable for office, retail, or automotive uses.
      250 Cedar Springs Ave, Spartanburg, SC 29302
      View Details
    • New
      $316,500
      2,125 SF

      East Main Street Commercial Opportunity

      High-visibility commercial space in a high-traffic corridor.
      516 E Main St, Spartanburg, SC 29302
      View Details
    • $349,900
      3,445 SF

      Versatile Commercial Building in Spartanburg

      Adaptable commercial building suitable for office, retail, or automotive use.
      250 Cedar Springs Ave, Spartanburg, SC 29302
      View Details
    • New
      $799,000
      2,900 SF

      Versatile Commercial Property in Spartanburg

      Functional commercial space with expansion potential near downtown Spartanburg.
      449 W Centennial St, Spartanburg, SC 29303
      View Details
    • $624,900
      12,500 SF

      Versatile Commercial Property in Spartanburg

      12,500 SF commercial property suitable for various business uses.
      8202 Maxwell Cir, Spartanburg, SC 29303
      View Details
    • New
      $399,990
      0.31 Acres

      New Construction Duplex in Spartanburg

      New construction duplex near W Main St with no HOA.
      142/144 Andover Rd, Spartanburg, SC 29322
      View Details
    • $394,999
      0.20 Acres

      New Construction Duplex in Spartanburg

      New 2025 duplex near Main Street and Hwy 29.
      267 Vanderbilt Rd, Spartanburg, SC 29301
      View Details
    • New
      $189,864
      0.51 Acres

      Income-Generating Duplex Investment Opportunity

      Duplex with one rented unit, offering immediate cash flow.
      196 Mcarthur St, Spartanburg, SC 29302
      View Details
    • New
      $189,864
      0.51 Acres

      Income-Generating Duplex Investment Opportunity

      Duplex with one rented unit, offering immediate cash flow.
      196 Mcarthur St, Spartanburg, SC 29302
      View Details
    • $110,000
      3,388 SF

      Spartanburg Flex Space For Sale

      3,388 SF flex space with conversion potential in Spartanburg.
      100 Clary Dr, Spartanburg, SC 29303
      View Details
    • $110,000
      3,388 SF

      Versatile Mixed-Use Spartanburg Property

      3388 sq ft mixed-use property with conversion potential in Spartanburg.
      100 Clary Dr, Spartanburg, SC 29303
      View Details
    • $435,000
      0.69 Acres

      New Duplex Near Interstate 85

      2022 duplex with quality finishes, great location, and income potential.
      433 Burns Rd, Spartanburg, SC 29307
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.76 acres on E. Main Street's busy commercial corridor.
    Where is this commercial land located?
    The property is located at 2700 E Main St Spartanburg, SC.
    What are key features of this property?
    This property features: - High visibility location with 27,000+ VPD on E. Main Street.; - Redevelopment opportunity for assisted living, office, or multifamily.; - +/- 7.76 Acres on E. Main Street's busy commercial corridor (Highway 29).
    (864) 706-0189 Call to check price and availability
    Request Owner's contact information
    2700 E Main St Spartanburg, SC 29307
    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.
    2700 E Main St
    Spartanburg, SC 29307
    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
    2700 E Main St Spartanburg, SC 29307
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andy Hayes
    Andy Hayes
    Real Estate License ID: 13179
    (864) 706-0189 (864) 583-1001
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!