Landrum Commercial Property with
1504 E Rutherford Street, Landrum, SC 29356
New
Improved Commercial - Landrum, SC
Property size:
1,875 SFLot size:
1.59 AcresPrice / SF:
$253/SF- 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
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- Size
- 1,875 SF
- Lot size
- 1.59 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2908
Building Details
- Flooring type
- Linoleum, Vinyl, Wood
- Roof type
- Aluminum
- Architectural style
- Other
Listing agent Michelle Manion License #103073 (864) 804-7054
Listing office Keller Williams Realty 1707 John B White Sr Blvd, Spartanburg, SC (864) 574-6000
Listing date May 20, 2026
MLS# 337372
Listing URL
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.
HighLights
- Prime downtown Landrum location with C‑2 zoning, offering residential, business, investment, or mixed‑use potential.
- Large 1.59‑acre lot with road frontage on two streets, providing ample space for parking, equipment, or future improvements.
- Four‑bedroom, 2.5‑bath brick ranch with approximately 1,875 SQFT and a functional layout.
- Full unfinished basement ideal for storage, workshop, expansion, or future finished space.
- Brand‑new HVAC system to be installed prior to closing.
- Convenient access to downtown shops, restaurants, schools, parks, and major travel routes.
Overview
Located in the heart of 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. 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, providing 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, in one of Landrum’s growing areas with access to major travel routes. It can be used as a home with land, a live/work opportunity, office space, or investment property.
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
- -82.17
- Latitude
- 35.178496
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile property in downtown Landrum with mixed-use 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, investment, or mixed‑use potential.; Large 1.59‑acre lot with road frontage on two streets, providing ample space for parking, equipment, or future improvements.; Four‑bedroom, 2.5‑bath brick ranch with approximately 1,875 SQFT and a functional layout.
