Commercial Kitchen Property with
For Sale
$330,000
850 Falling Creek Road, Spartanburg, SC 29301
COMMERCIAL/INDUSTRIAL, Spartanburg, SC
Property Size1,879 SF
Lot Size0.53 Acres
Price / SF$175.63
Days on Market92
Property Features for 850 Falling Creek Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
General Business District
Directions
From I-85, take exit 1 or exit 68 toward Falling Creek Rd. Located at the intersection of Falling Creek Rd and Walden Circle
Subdivision
Spartanburg
Standard status
Active
Size
1,879 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Heat Pump (Heating)
Water source
Public
Amenities
commercial kitchen
Building Details
Flooring type
Wood, Concrete
Listing Agency:
Real Broker, LLC
(731) 561-3650
Listed By:
Rick Angell · License #90911
(864) 414-5188
Added: Jul 16
Changed: Oct 10
Last Checked: Oct 15 at 8:06PM
MLS# 339491
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.
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Investment Insights
Based on property information with market context.
This commercial kitchen property at 850 Falling Creek Road provides approximately 1,879 square feet across a main level and finished basement. The upper floor includes an entry vestibule and an expansive open room currently configured for meetings. Downstairs, the finished basement adds storage space and a commercial kitchen. Wood and concrete flooring are present, with heat pump service and public water.
The property occupies 0.53 acres in Spartanburg and is zoned Commercial. Its position just off Exit 1 of the I-85 Business Loop provides access to the site and exposure from a nearby regional route. The lot includes room for parking, supporting the building’s current meeting and kitchen-oriented configuration.
The property occupies 0.53 acres in Spartanburg and is zoned Commercial. Its position just off Exit 1 of the I-85 Business Loop provides access to the site and exposure from a nearby regional route. The lot includes room for parking, supporting the building’s current meeting and kitchen-oriented configuration.
Key Highlights
- Approximately 1,879 square feet with a finished basement
- 0.53‑acre lot with ample room for parking
- Commercial kitchen located in the finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,803
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,060
$496.1K
Cap Rate 7%
$354,329
$354.3K
Cap Rate 9%
$275,589
$275.6K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$45.1K $24.00/SF
− Vacancy
−$5.4K −$2.88/SF
EGI
$39.7K $21.12/SF
− OpEx
−$14.9K −$7.92/SF
NOI
$24.8K $13.20/SF
Area
Spartanburg County, SC
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,060
Cap Rate 7%
$354,329
Cap Rate 9%
$275,589
Alternative Uses
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,090 @ 7.0% cap · market cap 25.48%
Second Best
Specialty Retail
$528.5K
$462.4K – $616.6K
NOI $36,993 @ 7.0% cap · market cap 11.21%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,110 @ 7.0% cap · market cap 30.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 29301, SC
34,531
Population
16,020
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
27.5 sq mi
ZIP Area
1,256
Density / Sq Mi
$56,606
Median Household Income
$37,761
Median Earnings
$1,126
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Commercial property with an open meeting area, kitchen infrastructure, storage, and parking capacity on a half-acre lot.
Where is this commercial kitchen located?
The property is located at 850 Falling Creek Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Approximately 1,879 square feet with a finished basement; 0.53‑acre lot with ample room for parking; Commercial kitchen located in the finished basement
