Brick 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
Subdivision
Standard status
APN
Lot size
Utilities
Heating system
Water source
Building Details
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty
(864) 574-6000
Listed By:
Michelle Manion · License #103073
(864) 804-7054
Added: Nov 4
Last Checked: Nov 7 at 11:06AM
MLS# 1608503
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.
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Investment Insights
Based on property information with market context.
This brick ranch offers approximately 1,875 square feet, with four bedrooms, 2.5 bathrooms, and a full unfinished basement. The 1.59-acre parcel has road frontage on both E Rutherford Street and Kirby Street, plus a fenced backyard. Public water serves the property; public sewer is available, while the home currently uses septic. The property is being sold as-is.
Located in downtown Landrum, the site is near shops, restaurants, schools, and parks, with access to major travel routes. C-2 zoning allows residential, office, business, and mixed-use possibilities, making the existing home and unfinished basement part of a flexible property configuration.
Located in downtown Landrum, the site is near shops, restaurants, schools, and parks, with access to major travel routes. C-2 zoning allows residential, office, business, and mixed-use possibilities, making the existing home and unfinished basement part of a flexible property configuration.
Key Highlights
- 1.59‑acre property with frontage on E Rutherford Street and Kirby Street
- C‑2 zoning supports residential, office, business, and mixed‑use possibilities
- Brick ranch with approximately 1,875 square feet, 4 bedrooms, and 2.5 bathrooms
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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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 - C-2 zoning supports residential, office, business, and mixed-use possibilities.
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‑acre property with frontage on E Rutherford Street and Kirby Street; C‑2 zoning supports residential, office, business, and mixed‑use possibilities; Brick ranch with approximately 1,875 square feet, 4 bedrooms, and 2.5 bathrooms
