Church and Office
For Sale
$699,000
449 W Centennial Street, Spartanburg, SC 29303
Commercial/Industrial, Spartanburg, SC
Property Size3,900 SF
Lot Size0.50 Acres
Price / SF$179.23
Days on Market16
Property Features for 449 W Centennial Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
033
Standard status
Active
APN
7-07-12-107.00
Lot size
0.50 Acres
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Building materials
Brick
Listing Agency:
Laura Simmons & Associates RE
(864) 608-1510
Listed By:
Michelle Stenersen · License #118479
(864) 884-1392
Added: Sep 22
Last Checked: Oct 7 at 1:06AM
MLS# 1583969
Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This church and office property at 449 W Centennial Street includes approximately 2,900 sq ft on the main level and a 1,000 sq ft unfinished basement. The primary floor contains a reception area, file room, three private offices, and a large open room currently used for worship or meetings. Brick construction, natural gas heat, and public water serve the property.
The property occupies a .50-acre lot in Spartanburg, with additional rear area that may provide usable space. Its setting offers convenient access to downtown Spartanburg and Cleveland Park, along with visibility from W Centennial Street. The basement provides storage, workshop, or expansion space, while the existing layout supports church, office, nonprofit, retail, or service-oriented occupancy as described.
The property occupies a .50-acre lot in Spartanburg, with additional rear area that may provide usable space. Its setting offers convenient access to downtown Spartanburg and Cleveland Park, along with visibility from W Centennial Street. The basement provides storage, workshop, or expansion space, while the existing layout supports church, office, nonprofit, retail, or service-oriented occupancy as described.
Key Highlights
- Approximately 2,900 sq ft main level plus 1,000 sq ft unfinished basement
- .50‑acre lot at 449 W Centennial Street in Spartanburg
- Main level includes reception area, file room, and three private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,286
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,720
$1.2M
Cap Rate 7%
$861,229
$861.2K
Cap Rate 9%
$669,844
$669.8K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$94.1K $24.12/SF
− Vacancy
−$13.7K −$3.51/SF
EGI
$80.4K $20.61/SF
− OpEx
−$20.1K −$5.15/SF
NOI
$60.3K $15.46/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,720
Cap Rate 7%
$861,229
Cap Rate 9%
$669,844
Alternative Uses
Best Use
Office B
$861.2K
$753.6K – $1.00M
NOI $60,286 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.03M
$2.65M – $3.53M
NOI $211,936 @ 7.0% cap · market cap 30.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 29303, SC
26,793
Population
10,891
Households
2.5
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
32.4 sq mi
ZIP Area
827
Density / Sq Mi
$45,713
Median Household Income
$24,506
Median Earnings
$968
Median Rent
$143,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Brick facility with private offices, meeting space, and unfinished basement storage.
Where is this church & religious facility located?
The property is located at 449 W Centennial Street Spartanburg, SC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 2,900 sq ft main level plus 1,000 sq ft unfinished basement; .50‑acre lot at 449 W Centennial Street in Spartanburg; Main level includes reception area, file room, and three private offices
