C-2 Live-Work
1504 E Rutherford Street, Landrum, SC 29356
For Sale
New
$425,000
COMMERCIAL/INDUSTRIAL, Landrum, SC
Property Size1,875 SF
Lot Size1.59 Acres
Price / SF$226.67
Days on Market4
Property Features for 1504 E Rutherford Street
General Information
Property type
Property subtype
Lot features
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Flooring type
Buildings
Listing Agency:
Keller Williams Realty
(864) 574-6000
Listed By:
Michelle Manion · License #103073
(864) 804-7054
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 7 at 11:06AM
MLS# 343446
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.
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Investment Insights
Based on property information with market context.
This brick ranch occupies a 1.59-acre parcel and contains approximately 1,875 square feet, with a four-bedroom, two-and-a-half-bath layout. A full unfinished basement adds storage or work area. The home has wood and linoleum flooring, heat-pump heating, and cooling by heat pump and central air. Public water is connected; the property is currently served by septic, with public sewer available. The sale is as-is.
Zoned C-2, the property fronts both E Rutherford Street and Kirby Street in downtown Landrum. Its fenced backyard and road frontage on two streets are notable site features.
Zoned C-2, the property fronts both E Rutherford Street and Kirby Street in downtown Landrum. Its fenced backyard and road frontage on two streets are notable site features.
Key Highlights
- 1.59 acres with frontage on E Rutherford Street and Kirby Street
- Approximately 1,875 square feet in a four‑bedroom, 2.5‑bath brick ranch
- Full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,984
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,680
$579.7K
Cap Rate 7%
$414,057
$414.1K
Cap Rate 9%
$322,044
$322.0K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$45.2K $24.12/SF
− Vacancy
−$6.6K −$3.51/SF
EGI
$38.6K $20.61/SF
− OpEx
−$9.7K −$5.15/SF
NOI
$29.0K $15.46/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,680
Cap Rate 7%
$414,057
Cap Rate 9%
$322,044
Alternative Uses
Best Use
Office B
$414.1K
$362.3K – $483.1K
NOI $28,984 @ 7.0% cap · market cap 6.82%
Second Best
Mixed Use
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 5.82%
Theoretical Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,892 @ 7.0% cap · market cap 23.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
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Business Placement
Demographics for 29356, SC
8,893
Population
4,434
Households
2
Avg Household Size
51
Median Age
35%
College-Educated
90%
High-School Grad
82.1 sq mi
ZIP Area
108
Density / Sq Mi
$60,911
Median Household Income
$43,119
Median Earnings
$632
Median Rent
$273,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - A detached residence with a full basement and access to two streets offers flexibility for office, residential, or mixed use.
Where is this live-work space located?
The property is located at 1504 E Rutherford Street Landrum, SC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1.59 acres with frontage on E Rutherford Street and Kirby Street; Approximately 1,875 square feet in a four‑bedroom, 2.5‑bath brick ranch; Full unfinished basement
