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    Spartanburg Commercial Property For Sale

    1449 Union Street Spartanburg, SC 29302

    1449 Union Street, Spartanburg, SC, 29302
    $3,999,000
    For Sale
    Claim this Listing
    $3,999,000

    COMMERCIAL - Spartanburg, SC

    Property Size28,119 SF
    Lot Size1.00 Acre
    Price / SF$142.22
    AddedApr 3
    Days on Market104
    Last RefreshJul 15 at 10:06 pm

    Property Features for 1449 Union Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    28,119 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11041

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Flooring type
    Concrete

    Listing agent Joshua Kimbrell

    Listing office Shulikov Realty & Associates 5110 New Cut Rd, INMAN, SC

    Listing date Apr 3, 2026

    MLS# 335480

    Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This commercial property includes a primary building at 1449 Union Street, along with two additional buildings leased by a tire shop and a butcher shop, respectively. A smaller storage building is situated in front of the main building, and a vacant lot is located beside it. The sale encompasses all lots and buildings, the owner-occupied business known as Barnett's Garage, and all associated equipment, vehicles, and rental contracts. This represents a turnkey opportunity with existing income and tenants. The primary business, an auto repair facility, has been operating for over 50 years in Spartanburg, SC. The property is zoned for commercial use and includes multiple lots and buildings, along with the operating business and all equipment, vehicles, furniture, and fixtures. The property size is 28119 square feet on a 1-acre lot.

    Key Highlights

    • Turnkey auto repair business (Barnett's Garage) with 50+ year history, equipment, vehicles, and existing customer base included.
    • Multiple income streams from existing tenants (tire shop and butcher shop).
    • Sale includes multiple lots and buildings: primary building (1449 Union Street), two leased buildings, storage building, and vacant lot.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $506.1k $18.00
    − Vacancy −$44.0k −$1.57
    EGI $462.1k $16.43
    − OpEx −$138.6k −$4.93
    NOI $323.5k $11.50
    28,119 SF · lease $18.00/SF/yr · vacancy 8.70% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $17.98M
    $15.73M – $20.97M (±1% cap)
    NOI $1,258,401 @ 7.0% cap · market cap 31.47%
    Second Best
    Retail
    $4.62M
    $4.04M – $5.39M (±1% cap)
    NOI $323,475 @ 7.0% cap · market cap 8.09%
    Theoretical Best
    Warehouse
    $21.83M
    $19.10M – $25.47M (±1% cap)
    NOI $1,528,058 @ 7.0% cap · market cap 38.21%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Location Intelligence

    Current Use by Public Records

    Barnett's Garage Auto Repair Shop

    Suggested Use

    Real Estate Agency HVAC Service Law Firm Dental Office Grocery & Convenience Store Skin Care Clinic Hotel & Motel (Bike/Boat/Book/etc) Store Electrical Service Restaurant

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

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    Similar Off Market Nearby

    • Elite Automotive Services — 149 King Line, Spartanburg, SC 29302
    • Barnett's Garage — 1449 Union St, Spartanburg, SC 29302
    • Littlejohn Trailer Service — 1726 Union St, Spartanburg, SC 29302
    • K&L Tire, Truck, & Auto Service — 50 King Line, Spartanburg, SC 29302
    • Bolton-James Tire & Alignment, Inc. — 1491 Union St, Spartanburg, SC 29302

    FAQs

    What type of property is this?
    Auto shop - Commercial property with multiple buildings, operating business, and rental income.
    Where is this auto shop located?
    The property is located at 1449 Union Street Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $3,999,000.
    What are key features of this property?
    This property features: Turnkey auto repair business (Barnett's Garage) with 50+ year history, equipment, vehicles, and existing customer base included.; Multiple income streams from existing tenants (tire shop and butcher shop).; Sale includes multiple lots and buildings: primary building (1449 Union Street), two leased buildings, storage building, and vacant lot.
    Contact an agent
    (864) 553-0606
    We can help!
    Contact an agent
    Joshua Kimbrell
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