449 W Centennial St, Spartanburg, SC 29303
Flexible office layout with an open rear gathering space and an unfinished basement on a sizable lot.
- Added:
- Mar 19, 2026
- Days on Market:
- 87
- Last Refresh:
- Jun 11 at 3:58 am
Property Features for 449 W Centennial St
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.50 Acres
Listing agent Michelle Stenersen License #118479 (864) 884-1392
Listing office Laura Simmons & Associates Real Estate (864) 884-1392
Listing date Mar 19, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Laura Simmons & Associates Real Estate
HighLights
- Approx. 2,900 sq ft main level plus approx. 1,000 sq ft unfinished basement for storage, workshop, or business use
- Main level includes reception area, file/storage room, and three private offices
- Large open rear gathering space currently used as a church, suited for meetings, training, studio, or additional build‑out
- 0.50‑acre lot with potential for an additional usable lot behind the building
- Flexible commercial layout for office, ministry, studio, or service business use
Overview
The building sits on a 0.50-acre lot. The remarks also note potential for an additional usable lot behind the building, which may support future expansion or development planning. The property is described as being just around the corner from Downtown Spartanburg and minutes from Cleveland Park, supporting convenient access for office and service users.
This configuration can fit professional offices that need private work areas alongside a larger flexible room for gatherings or instruction. It may also be a practical option for ministry, service businesses, or an operator seeking space that can be adjusted for different day-to-day uses, with the added benefit of basement space for back-of-house operations.
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 | $69.9k | $24.12 |
| − Vacancy | −$10.2k | −$3.51 |
| EGI | $59.8k | $20.61 |
| − OpEx | −$14.9k | −$5.15 |
| NOI | $44.8k | $15.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.955198
- Latitude
- 34.973928
