Spartanburg Commercial Property For
1449 Union Street Spartanburg, SC 29302
For Sale
$3,999,000
COMMERCIAL - Spartanburg, SC
Property Size28,119 SF
Lot Size1.00 Acre
Price / SF$142.22
Days on Market117
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 Agency:
Shulikov Realty & Associates
(864) 494-4748
Listed By:
Joshua Kimbrell
(864) 553-0606
Added: Apr 3
Changed: May 28
Last Checked: Jul 28 at 4:06AM
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.
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
NOI $1,258,401 @ 7.0% cap · market cap 31.47%
Second Best
Retail
$4.62M
$4.04M – $5.39M
NOI $323,475 @ 7.0% cap · market cap 8.09%
Theoretical Best
Warehouse
$21.83M
$19.10M – $25.47M
NOI $1,528,058 @ 7.0% cap · market cap 38.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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
Frequently Asked Questions
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.
