516 E Main Street Spartanburg, SC 29302
COMMERCIAL - Spartanburg, SC
- Added:
- Jan 26, 2026
- Days on Market:
- 168
- Last Refresh:
- Jul 13 at 7:06 pm
Property Features for 516 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,125 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6288
Utilities
- Cooling system
- Central Air
- Water source
- Public
Listing agent Robert Wall License #95766 (864) 680-3952
Listing office Ponce Realty Group 5504 Reidville Rd, DUNCAN, SC (864) 285-4445
Listing date Jan 26, 2026
Copyright © 2026 Spartanburg Association of REALTORS, Inc. 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.
Key Highlights
- High‑traffic location on East Main Street with 25,000+ vehicles per day.
- 2,100+\/- SF functional layout suitable for retail, office, or service businesses.
- Proximity to Converse and Wofford Colleges and diverse businesses/restaurants.
Local Financial Insights For Retail
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 | $38.3k | $18.00 |
| − Vacancy | −$3.3k | −$1.57 |
| EGI | $34.9k | $16.43 |
| − OpEx | −$10.5k | −$4.93 |
| NOI | $24.4k | $11.50 |