Spartanburg Warehouse Investment
For Sale
Contact for pricing
519 Honeysuckle Rd, Spartanburg, SC 29303
33,613 SF warehouse on 1.47 acres, leased until 2030.
Property Size33,613 SF
Lot Size1.47 Acres
Price / SF$77.14
Days on Market188
Property Features for 519 Honeysuckle Rd
General Information
Standard status
Active
Size
33,613 SF
Lot size
1.47 Acres
Property subtype
Industrial
Building Details
Year Built
1975
Buildings
1
Listing Agency:
Crye-Leike Commercial
(770) 209-1700
Listed By:
Matthew Levin · License #19351
Source:
Crexi
Added: Feb 9
Changed: Aug 14
Last Checked: Aug 13 at 4:27PM
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 Crye-Leike Commercial
Investment Insights
Based on property information with market context.
This investment property in Spartanburg, SC, features a 33,613 SF warehouse on 1.47 acres, leased through March 31, 2030, with 3% annual rent increases. The tenant reimburses the landlord for property taxes and insurance. The landlord is responsible for repairs to the roof, structure, foundation, exterior walls, HVAC, and parking lot. The tenant, Watertite Products, Inc., a subsidiary of IPS Corporation, has one option to renew for three years with 3% annual rent increases. The Spartanburg facility serves as an injection molding plant of PVC based construction industry products under the ProSet name, primarily plumbing drain components. The original 1975 building includes a concrete loading apron leading to two front loading dock high doors, plus an at grade 16’ x 18’ door on the east wall. The office space is 800 SF, and the shop has 15’8’’ to 18’ clear height space, one 2-ton overhead crane, and metal halide lighting. The 3 phase power has a 2,000 amp service. The property uses septic for sewer. In 2007, a 12,000 SF addition with 20’ clear height was built for inventory storage. The property is located in unincorporated Spartanburg, 1.2 miles from I-26 and 2.6 miles from I-85.
Key Highlights
- Long‑term lease in place through March 31, 2030, providing stable income
- Tenant is a subsidiary of IPS Corporation, a company with estimated sales exceeding $100 million, indicating financial stability
- Enjoy built‑in revenue growth with annual rent increases of 3%
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
184
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
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 33,613 SF warehouse on 1.47 acres, leased until 2030.
Where is this manufacturing property located?
The property is located at 519 Honeysuckle Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $2,593,000.
What are key features of this property?
This property features: Long‑term lease in place through March 31, 2030, providing stable income; Tenant is a subsidiary of IPS Corporation, a company with estimated sales exceeding $100 million, indicating financial stability; Enjoy built‑in revenue growth with annual rent increases of 3%
