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127-163 E Main St Spartanburg, SC 29306

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For Sale
$8,950,000

7 Retail Properties Rare Downtown Spartanburg Development Opportunity

Property size:
8,256 SF
Lot size:
0.19 Acres
Added:
Jan 21, 2025
Days on Market:
437
Last Refresh:
Mar 16 at 9:06 am

Property Features for 127-163 E Main St

General Information

Standard status
Active
Property type
Retail residential properties, Other retail properties, Individual retail properties, Mixed-use properties, Retail properties & Spaces
Size
8,256 SF
Class
C
Elevators
N/A
Lot size
0.19 Acres

Building Details

Year Built
1900

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Listing Contact
Alex Powell

Listing agent Alex

Listing office

Listing date Jan 21, 2025


Overview

Spartanburg Mixed-Use Development Opportunity

Located in downtown Spartanburg, South Carolina, this investment opportunity includes eight parcels totaling approximately 1.43 acres. The property features approximately 315 linear feet of frontage on East Main and East Broad Streets. The site is approved for a dense mixed-use development, with initial plans approved for a nine-story building. The building encompasses two levels of commercial space and over 200 residential units, with an on-site parking structure. Additional design options are available, offering flexibility for parking configurations, commercial space allocation, and residential unit counts exceeding 200. The location is less than one block from Morgan Square, the new City Hall, and the planetarium, and under four blocks from the new Minor League Baseball Stadium. The total building size is 8,256 square feet. Pre-construction work, including architectural design and securing state and local incentives, has already been completed.
Location Intelligence

Current Use by Public Records

Retail residential properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Spartanburg
County
Spartanburg
State
South Carolina
Longitude
-81.9249
Latitude
34.893

FAQs

What type of property is this?
Retail residential property - 7 Retail Properties Rare Downtown Spartanburg Development Opportunity
Where is this retail residential property located?
The property is located at 127-163 E Main St Spartanburg, SC.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: Eight parcels situated on ±1.43 Acres; ±1 block from Morgan Sq., New City Hall, and Planetarium.; Less than 4 blocks from New Minor League Baseball Stadium
More about this property
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