Two-Story Retail and Office
512 E Main St Spartanburg, SC 29302
512 E Main St, Spartanburg, SC, 29302
$615,000
For Sale
$615,000
Recently renovated two-story building with historic finishes, offering space for retail or office use.
Property Size2,762 SF
Price / SF$222.66
Days on Market48
Property Features for 512 E Main St
General Information
- Standard status
- Active
- Size
- 2,762 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing Agency
SVN Palmetto
(864) 631-3419
Listed by
Chris Philbrick · License #SC #135680
(864) 631-3419
Source
Svn
Added: Jun 3 Updated: Jul 10 at 3:59 pm Checked: Jul 19 at 9:43 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 SVN Palmetto
Investment Insights
Based on property information with market context.
Reedy River Retail presents a two-story retail and office building originally constructed in 1930 and recently renovated. The property totals approximately 2,762 square feet and is available for sale in its entirety, or the main level of approximately 2,046 square feet can be leased. Historic interior details include exposed brick and tin ceilings, providing a distinctive character while supporting flexible retail or office configurations.
The building is located at 512 E Main St on the east side of Spartanburg’s downtown district. It is offered as a storefront retail/office space and is positioned for tenants looking to operate close to surrounding downtown activity.
For users considering a retail storefront with the option to operate office functions, the available main level offers a practical footprint for a single-tenant setup. Buyers may also consider the full building as a bundled asset that retains its historic architectural features while providing multiple stories of usable space.
The building is located at 512 E Main St on the east side of Spartanburg’s downtown district. It is offered as a storefront retail/office space and is positioned for tenants looking to operate close to surrounding downtown activity.
For users considering a retail storefront with the option to operate office functions, the available main level offers a practical footprint for a single-tenant setup. Buyers may also consider the full building as a bundled asset that retains its historic architectural features while providing multiple stories of usable space.
Key Highlights
- 2,762 SF two‑story building originally built in 1930 at 512 E Main St in Spartanburg
- Recently renovated with historic finishes including exposed brick and tin ceilings
- Available for sale in its entirety or the 2,046 SF main level is available for lease
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 | $66.6k | $24.12 |
| − Vacancy | −$9.7k | −$3.51 |
| EGI | $56.9k | $20.61 |
| − OpEx | −$14.2k | −$5.15 |
| NOI | $42.7k | $15.46 |
2,762 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Office B
$609.9K
$533.7K – $711.6K
NOI $42,695 @ 7.0% cap · market cap 6.94%
Second Best
Retail
$453.9K
$397.2K – $529.6K
NOI $31,773 @ 7.0% cap · market cap 5.17%
Theoretical Best
Warehouse
$2.14M
$1.88M – $2.50M
NOI $150,094 @ 7.0% cap · market cap 24.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
KS Smith Dynasty ...
Hotel & Motel
The Board Ryders Club ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Ira's Flowers — 514 E Main St, Spartanburg, SC 29302
- Russ Gaffney Florist — 160 S Pine St, Spartanburg, SC 29302
- Kennedy Street Florist — 237 e kennedy st, spartanburg, sc 29306
FAQs
What type of property is this?
Storefront property - Recently renovated two-story building with historic finishes, offering space for retail or office use.
Where is this storefront property located?
The property is located at 512 E Main St Spartanburg, SC.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 2,762 SF two‑story building originally built in 1930 at 512 E Main St in Spartanburg; Recently renovated with historic finishes including exposed brick and tin ceilings; Available for sale in its entirety or the 2,046 SF main level is available for lease
