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    277 W Main St Spartanburg, SC 29306

    For Sale
    $7,995,000

    Land in Opportunity Zone near downtown Spartanburg and Rail Trail.

    Lot size:
    13.00 Acres

    Property Features for 277 W Main St

    General Information

    Lot size
    13.00 Acres

    Source: Roadstead Real Estate Advisors Upstate LLC Agent John Bauknight

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

    Overview

    Spartanburg Land Opportunity Zone

    This commercial land is located in the "Western Gateway" to downtown Spartanburg and is a designated Opportunity Zone. It is situated along the Rail Trail Extension and adjacent to the Fifth Third Bank Baseball Complex, which is slated for completion in the spring of 2025. SC Textile Mill Credits are available. The property has undergone a recent price reduction: $5,500,000 dirt cost & $2,495,000 in tax credits.
    Insight Report Location Intelligence

    Current Use by Public Records

    heart of bosto Marketing Agency

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9372627
    Latitude
    34.9467242

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    FAQs

    What type of property is this?
    Land - Land in Opportunity Zone near downtown Spartanburg and Rail Trail.
    Where is this land located?
    The property is located at 277 W Main St Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $7,995,000.
    What are key features of this property?
    This property features: - Significant tax credits available, totaling $2,495,000; - Designated Opportunity Zone (OZ); - Located along Rail Trail Extension
    (864) 809-9900
    Request Owner's contact information
    277 W Main St Spartanburg, SC 29306
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    Spartanburg, SC 29306
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    Realmo Value Estimation

    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.

    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.

    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
    277 W Main St Spartanburg, SC 29306
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