Highly Visible Corner Retail
2159 Chesnee Hwy Spartanburg, SC 29303
2159 Chesnee Hwy, Spartanburg, SC, 29303
$135,000
For Sale
$135,000
Corner lot with a portable office building, updated finishes, and multiple detached metal structures including a garage and carport.
Property Size800 SF
Price / SF$168.75
Days on Market114
Property Features for 2159 Chesnee Hwy
General Information
- Standard status
- Active
- Size
- 800 SF
Listing agency
C 21 Blackwell & Co
(864) 921-7921
Listed by
Dennis McCall · License #19060
(864) 921-7921
Source
Exprealty
Added: Mar 31 Updated: Jul 21 at 5:30PM Checked: Jul 22 at 10:57AM
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 C 21 Blackwell & Co
Investment Insights
Based on property information with market context.
This property is configured for light retail or small office use and includes a commercial-grade portable office building with two offices and a bathroom. The building has new luxury vinyl flooring and fresh paint throughout, and it is described as handicapped accessible. Mechanical and restroom improvements include a new mini-split HVAC unit and a new instant hot water system in the bathroom.
Set on a level corner lot, the site is nearly all paved with asphalt and offers combined road frontage of approximately 295 feet. The property is described as highly visible and located less than a mile from I-85 along Highway 221 in Spartanburg County.
Additional on-site improvements include one detached metal garage (18x20), one small storage building, and one detached metal carport, providing practical covered and enclosed space for storage or operational needs.
Set on a level corner lot, the site is nearly all paved with asphalt and offers combined road frontage of approximately 295 feet. The property is described as highly visible and located less than a mile from I-85 along Highway 221 in Spartanburg County.
Additional on-site improvements include one detached metal garage (18x20), one small storage building, and one detached metal carport, providing practical covered and enclosed space for storage or operational needs.
Key Highlights
- Highly visible corner lot in Spartanburg County on Highway 221 (4‑lane), less than a mile from I‑85
- Almost completely paved level corner lot with approx. 295' combined road frontage
- Commercial‑grade portable office building with two offices and a bathroom; handicapped accessible
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.3k | $24.12 |
| − Vacancy | −$2.8k | −$3.51 |
| EGI | $16.5k | $20.61 |
| − OpEx | −$4.1k | −$5.15 |
| NOI | $12.4k | $15.46 |
800 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Office B
$176.7K
$154.6K – $206.1K
NOI $12,366 @ 7.0% cap · market cap 9.16%
Second Best
Retail
$131.5K
$115.0K – $153.4K
NOI $9,203 @ 7.0% cap · market cap 6.82%
Theoretical Best
Warehouse
$621.1K
$543.4K – $724.6K
NOI $43,474 @ 7.0% cap · market cap 32.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
L&L Unlimited
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner lot with a portable office building, updated finishes, and multiple detached metal structures including a garage and carport.
Where is this retail space located?
The property is located at 2159 Chesnee Hwy Spartanburg, SC.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Highly visible corner lot in Spartanburg County on Highway 221 (4‑lane), less than a mile from I‑85; Almost completely paved level corner lot with approx. 295' combined road frontage; Commercial‑grade portable office building with two offices and a bathroom; handicapped accessible
