Landrum Mixed-Use Property For
1504 E Rutherford Street, Landrum, SC 29356
New
- Added:
- May 20, 2026
- Days on Market:
- 2
- Last Refresh:
- May 21 at 10:06 pm
Property Features for 1504 E Rutherford Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 1-08-03-002.00
- Size
- 1,875 SF
- Lot size
- 1.59 Acres
Utilities
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Flooring type
- Tile, Linoleum, Wood
- Building materials
- Brick
- Roof type
- Aluminum
Listing agent Michelle Manion License #103073 (864) 804-7054
Listing office Keller Williams Realty Spartanburg, SC (864) 574-6000
Listing date May 20, 2026
MLS# 1592392
Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime downtown Landrum location with C‑2 zoning offering residential, business, office, investment, or mixed‑use potential.
- Large 1.59‑acre lot with road frontage on two streets, providing ample space.
- Four‑bedroom, 2.5‑bath brick ranch with approximately 1,875 SQFT and a full unfinished basement.
- Brand‑new HVAC system to be installed prior to closing.
- Convenient access to downtown shops, restaurants, schools, parks, and major travel routes.
- Public water connected and public sewer available.
Overview
Located in downtown Landrum, this property features a brick ranch with a full unfinished basement, offering a combination of space, location, and flexibility. Situated on 1.59 acres, the property has road frontage on both E Rutherford Street and Kirby Street. Zoned C-2, it presents opportunities for residential, office, business, investment, or mixed-use development. The home offers approximately 1,875 square feet with a functional layout. The full unfinished basement is suitable for storage, a workshop, expansion, or future finished space. A new HVAC system will be installed prior to closing. The property includes a fenced backyard and acreage that provides room for parking, equipment, or future improvements. Public water is connected, and public sewer is available, though the home is currently serviced by septic. The property is located near downtown shops, restaurants, schools, parks, and everyday conveniences, with easy access to major travel routes. It offers versatility in a prime location for a home with land, a live/work opportunity, office space, or investment potential.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$322.0K
NOI $28,984 @ 9.00% cap · cautious / downside scenario
Moderate
$414.1K
NOI $28,984 @ 7.00% cap · market / base-case scenario
Aggressive
$579.7K
NOI $28,984 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $24.12 |
| − Vacancy | −$6.6k | −$3.51 |
| EGI | $38.6k | $20.61 |
| − OpEx | −$9.7k | −$5.15 |
| NOI | $29.0k | $15.46 |
1,875 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$414.1K
$362.3K – $483.1K
NOI $28,984 @ 7.0% cap · market cap 6.10%
Second Best
Mixed Use
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 5.21%
Theoretical Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,892 @ 7.0% cap · market cap 21.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Landrum
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -82.170708
- Latitude
- 35.178619
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile property in downtown Landrum with residential and commercial potential.
Where is this mixed-use property located?
The property is located at 1504 E Rutherford Street Landrum, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime downtown Landrum location with C‑2 zoning offering residential, business, office, investment, or mixed‑use potential.; Large 1.59‑acre lot with road frontage on two streets, providing ample space.; Four‑bedroom, 2.5‑bath brick ranch with approximately 1,875 SQFT and a full unfinished basement.
