Bank Branch with
New
For Sale
$3,127,000
1585 E Main St, Spartanburg, SC 29307
Drive-through lanes, ATM infrastructure, and 26 parking spaces support branch operations.
Property Size3,279 SF
Lot Size0.85 Acres
Price / SF$1,363
Days on Market2
Property Features for 1585 E Main St
General Information
Standard status
Active
Size
3,279 SF
Total Parking Spaces
26
Lot size
0.85 Acres
Property subtype
Retail
Net Operating Income
$140,716
Site & Location
Drive-Thru
Yes
Road Access
Yes
Amenities
ATM infrastructure
Building Details
Building Size
3,279 SF
Year Built
2024
Buildings
1
Listing Agency:
Faris Lee Investments
Listed By:
Hunter Steffien · License #CalDRE #02036521
(949) 633-2538
Source:
Farislee
Added: Sep 26
Last Checked: Sep 26 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
The bank branch occupies 2,294 square feet on a 0.85-acre site and includes drive-through lanes, ATM infrastructure, and 26 parking spaces. The property is subject to an absolute NNN ground lease with approximately 16 years remaining on the initial term, through July 2042. Annual rent increases are 2%; four additional five-year options could extend occupancy by up to 20 years, with a 10% rent increase at the start of each option.
The site has two access points on East Main Street, which carries approximately 24,600 vehicles per day. Allston Road records approximately 7,400 vehicles per day. The property is about three miles from Downtown Spartanburg and near Hillcrest Shopping Center, Publix, and a range of national retailers, including Walmart, Home Depot, Lowe’s, Hobby Lobby, and Petco.
The surrounding area includes Spartanburg Medical Center, area schools, and major employers such as BMW, Michelin, Milliken, and Spartanburg Regional. More than 82,400 residents and 54,700 employees are located within five miles, alongside over 3,000 businesses.
The site has two access points on East Main Street, which carries approximately 24,600 vehicles per day. Allston Road records approximately 7,400 vehicles per day. The property is about three miles from Downtown Spartanburg and near Hillcrest Shopping Center, Publix, and a range of national retailers, including Walmart, Home Depot, Lowe’s, Hobby Lobby, and Petco.
The surrounding area includes Spartanburg Medical Center, area schools, and major employers such as BMW, Michelin, Milliken, and Spartanburg Regional. More than 82,400 residents and 54,700 employees are located within five miles, alongside over 3,000 businesses.
Key Highlights
- 2,294‑square‑foot bank branch on 0.85 acres
- Absolute NNN ground lease with approximately 16 years remaining through July 2042
- Annual rent increases of 2%; four five‑year options include a 10% increase at each option start
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
188k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Groceries 20%
Shops & Services 19%
Home Improvements & Furnishings 2%
Zaxby's Chicken Fingers & Buffalo Wings
Dining
20,594 visits/mo
0.1 miles
The Fresh Market
Groceries
20,542 visits/mo
0.1 miles
Aldi
Groceries
17,074 visits/mo
0.2 miles
Circle K
Shops & Services
15,386 visits/mo
0.4 miles
Starbucks
Dining
14,583 visits/mo
0.1 miles
Demographics for 29307, SC
19,034
Population
8,946
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
86%
High-School Grad
44.7 sq mi
ZIP Area
426
Density / Sq Mi
$61,330
Median Household Income
$39,543
Median Earnings
$1,043
Median Rent
$207,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - Drive-through lanes, ATM infrastructure, and 26 parking spaces support branch operations.
Where is this bank located?
The property is located at 1585 E Main St Spartanburg, SC.
What is the asking price?
The asking price for this property is $3,127,000.
What are key features of this property?
This property features: 2,294‑square‑foot bank branch on 0.85 acres; Absolute NNN ground lease with approximately 16 years remaining through July 2042; Annual rent increases of 2%; four five‑year options include a 10% increase at each option start
