Convenience Store with
For Sale
$230,000
8091 Highway 56, Enoree, SC 29335
Existing convenience store building sits on accompanying acreage along Highway 56 in Enoree, SC.
Property Size1,750 SF
Lot Size6.40 Acres
Price / SF$131.43
Days on Market81
Property Features for 8091 Highway 56
General Information
Standard status
Active
Size
1,750 SF
Lot size
6.40 Acres
Listing Agency:
SPRINGS REALTY
Listed By:
Clay Palmer · License #97246
(864) 426-3025
Source:
Greenvilleheartproperties
Added: Jul 20
Changed: Sep 10
Last Checked: Oct 7 at 5:19PM
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 SPRINGS REALTY
Investment Insights
Based on property information with market context.
This property offers an existing convenience store building that has been closed for a few years. The seller states it still includes everything needed to get started again. The building size is listed at 1,750 square feet, and the purchase also includes 6.4 acres of additional land.
Located at 8091 Highway 56 in Enoree, South Carolina, the property benefits from its placement along the highway, providing straightforward access for retail-oriented use.
Located at 8091 Highway 56 in Enoree, South Carolina, the property benefits from its placement along the highway, providing straightforward access for retail-oriented use.
Key Highlights
- Existing convenience store building on an accompanying 6.4‑acre tract
- Located along Highway 56 in Enoree, SC
- Convenience store has been closed for a few years but includes what’s needed to get started
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,132
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,640
$402.6K
Cap Rate 7%
$287,600
$287.6K
Cap Rate 9%
$223,689
$223.7K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$31.5K $18.00/SF
− Vacancy
−$2.7K −$1.57/SF
EGI
$28.8K $16.43/SF
− OpEx
−$8.6K −$4.93/SF
NOI
$20.1K $11.50/SF
Area
Spartanburg County, SC
Vacancy
8.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,640
Cap Rate 7%
$287,600
Cap Rate 9%
$223,689
Alternative Uses
Best Use
Specialty Retail
$492.2K
$430.7K – $574.2K
NOI $34,453 @ 7.0% cap · market cap 14.98%
Second Best
Retail
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 8.75%
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.58M
NOI $95,099 @ 7.0% cap · market cap 41.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29335, SC
5,316
Population
2,282
Households
2.3
Avg Household Size
44
Median Age
9%
College-Educated
80%
High-School Grad
95.6 sq mi
ZIP Area
56
Density / Sq Mi
$53,352
Median Household Income
$39,306
Median Earnings
$446
Median Rent
$121,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing convenience store building sits on accompanying acreage along Highway 56 in Enoree, SC.
Where is this grocery and convenience store located?
The property is located at 8091 Highway 56 Enoree, SC.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Existing convenience store building on an accompanying 6.4‑acre tract; Located along Highway 56 in Enoree, SC; Convenience store has been closed for a few years but includes what’s needed to get started
