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Property profile & analytics
FOR LEASE
Drive through restaurants

1808 Asheville Hwy Spartanburg, SC 29303

2,607 SF 1.14 ac lot Built 2017
Entity Owned 8-yr Hold Free & Clear
Property ID
US77-0966059
Property summary
AI-generated overview

This exceptional 2,688-square-foot retail space is ideally situated at 1808 Asheville Highway in Spartanburg, South Carolina, within the vibrant Spartanburg submarket of Spartanburg County. The property boasts a single, entirely vacant suite, presenting a unique opportunity for a single tenant to occupy the entire building. With a generous lot size of 1.14 acres, the property offers ample space for customer parking and potential expansion. The building's street-level retail configuration ensures high visibility and accessibility for customers. The property's location in Spartanburg, SC, offers excellent access to major roadways and a strong customer base. This is a turnkey opportunity for businesses seeking a prominent location with significant square footage in a thriving commercial area. The entire 2,688 square feet is available, providing flexibility for a variety of retail concepts. The property is classified as Street Retail and is categorized as a Multiple Tenancy building, although currently only one suite is available. This presents a chance to establish a strong presence in a desirable location. The zip code is 29303. This property is ready for immediate occupancy.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2017
Total area 2,607 SF
Lot 1.14 ac (49,658 SF)
APN 6-1302-02201
UPID US77-0966059
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Liou Family Spartanburg LLC · 8 yrs held
Liou Family Spartanburg LLC
since 2018
4 recorded transactions
2018
$3.2M
2017
Price N/A
2017
$775,000
2015
$550,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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