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Downtown Spartanburg Retail/Restaurant Space
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129 Magnolia St, Spartanburg, SC

Restaurant/Retail space in the heart of Downtown Spartanburg.

Space Size2,300 SF
Lot Size0.06 Acres
Days on Market574

Property Features for 129 Magnolia St

General Information

Standard status Active
Size 2,300 SF
Lot size 0.06 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 129 Magnolia St
129 Magnolia St $22/SF/Yr
Floor Bldg
Size 2,300 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Located in the heart of Downtown Spartanburg - 0.13mi away from Spartanburg's new baseball stadium - Nearby retailers include Miyako Sushi, Lean Kitchen Co, Starbucks, Subway, Limitless Sneaker Shop Great walkability / High traffic area - 2,300 SF Restaurant/Retail Space - Lease Term Negotiable
Contact us
Listing Agency: Roadstead Real Estate Advisors Upstate LLC
Listed By: Andrew Babb
Source: Moodyscre
Added: Mar 12, 2025 Changed: Sep 14 Last Checked: Oct 5 at 6:31PM

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

Investment Insights

Based on property information with market context.

Located in downtown Spartanburg, this 2,300-square-foot space is suitable for restaurant or retail use. The property benefits from high pedestrian traffic and is situated 0.13 miles from Spartanburg's new baseball stadium. Nearby retailers include Miyako Sushi, Lean Kitchen Co, Starbucks, Subway, and Limitless Sneaker Shop. The lease term is negotiable.

Key Highlights

  • Prime Downtown Spartanburg Location
  • 2,300 SF Restaurant/Retail Space
  • High Traffic Area / Great Walkability

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Storage Facility 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
$3.30 /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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Spartanburg, SC

$14.22 /SF/Yr
Avg Asking Price
$12–$15 /SF/Yr
Price Range
14,080 SF
Avg Space Size

This space is priced 55% above the average of $14.22 /SF/Yr.

Vacancy Rate% for Retail in South region

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

What type of property is this?
Retail space - Restaurant/Retail space in the heart of Downtown Spartanburg.
Where is this retail space located?
The property is located at 129 Magnolia St Spartanburg, SC.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Prime Downtown Spartanburg Location; 2,300 SF Restaurant/Retail Space; High Traffic Area / Great Walkability
(864) 316-9488 Call to check price and availability
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