Spartanburg Office Building For
319 North Pine Street Spartanburg, SC 29302
319 North Pine Street, Spartanburg, SC, 29302
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For Sale
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Office building in a growing downtown area with high foot traffic.
Property Size8,000 SF
Price / SF$187.50
Days on Market68
Property Features for 319 North Pine Street
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Office
Listing Agency
NAI Earle Furman Spartanburg
Listed by
Mike Tanbonliong II · License #109381
Source
Crexi
Added: May 11 Checked: Jul 17 at 7:06 am
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 NAI Earle Furman Spartanburg
Investment Insights
Based on property information with market context.
Located in Spartanburg, South Carolina, this property benefits from the city's economic momentum, cultural vibrancy, and strategic public investment. The downtown area, anchored by a growing population and a strong daytime workforce, experiences steady foot traffic from nearby offices, educational institutions, and a dynamic small business community. Ongoing redevelopment and infrastructure improvements have transformed the urban core into a walkable environment appealing to residents and visitors. The central business district is experiencing a cultural renaissance, featuring a thriving arts scene, diverse dining, and year-round events. Spartanburg's location within the Upstate region positions it as a hub of growth and connectivity, with proximity to major interstates and larger markets. The property has a size of 8000 square feet.
Key Highlights
- Strong economic momentum and strategic public investment make Spartanburg a compelling destination.
- Growing population and strong daytime workforce ensure steady foot traffic.
- Ongoing redevelopment and infrastructure improvements have created a walkable, attractive urban environment.
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 | $193.0k | $24.12 |
| − Vacancy | −$28.1k | −$3.51 |
| EGI | $164.9k | $20.61 |
| − OpEx | −$41.2k | −$5.15 |
| NOI | $123.7k | $15.46 |
8,000 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,663 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.21M
$5.43M – $7.25M
NOI $434,740 @ 7.0% cap · market cap 28.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building in a growing downtown area with high foot traffic.
Where is this office building located?
The property is located at 319 North Pine Street Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Strong economic momentum and strategic public investment make Spartanburg a compelling destination.; Growing population and strong daytime workforce ensure steady foot traffic.; Ongoing redevelopment and infrastructure improvements have created a walkable, attractive urban environment.
