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    1057 Fernwood Glendale Rd Spartanburg, SC 29307

    Sponsored
    For Lease
    $15 SF/Yr ($6,875 /Mo)

    5,500 SF Retail/Restaurant, Divisible

    Lot size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,500 square foot commercial property, located at 1057 Fernwood Glendale Rd in Spartanburg, South Carolina, presents a fantastic opportunity for retail or restaurant businesses. Currently vacant and available for lease, the single-tenant space offers significant flexibility. The building's total area is 5,500 square feet, allowing for a variety of configurations. The property is divisible, catering to businesses requiring smaller footprints. A fully equipped kitchen featuring an 8-foot hood and sinks is already in place, making it ideal for food service establishments. The lease rate is $15 per square foot, triple net (NNN). This prime location in Spartanburg County, near the Hillcrest Shopping Center on the Eastside, ensures high visibility and accessibility for customers. The property's address is 1057 Fernwood Glendale Rd, Spartanburg, SC 29307. Its convenient location and adaptable space make it an attractive option for a wide range of businesses seeking a prominent presence in a thriving area. The property is classified as retail and restaurant space. Contact us today to learn more about this exciting opportunity.

    Property Features for 1057 Fernwood Glendale Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,500 SF
    Total Rate
    6875

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,500 SF
    Rate per SF
    $15

    HighLights

    • 5,500 SF retail/restaurant space available for lease at $15/SF, NNN.
    • Suitable for retail or restaurant use, divisible to accommodate smaller tenants.
    • Features a fully equipped kitchen with an 8‑foot hood and sinks.
    • Located on the Eastside of Spartanburg, SC, near Hillcrest Shopping Center, offering high visibility.
    • Property address: 1057 Fernwood Glendale Rd, Spartanburg, SC 29307.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.890546
    Latitude
    34.965831

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    FAQs

    What type of property is this?
    Restaurant - 5,500 SF Retail/Restaurant, Divisible
    Where is this restaurant located?
    The property is located at 1057 Fernwood Glendale Rd Spartanburg, SC.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 5,500 SF retail/restaurant space available for lease at $15/SF, NNN.; Suitable for retail or restaurant use, divisible to accommodate smaller tenants.; Features a fully equipped kitchen with an 8-foot hood and sinks.
    Request Owner's contact information
    1057 Fernwood Glendale Rd Spartanburg, SC 29307
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1057 Fernwood Glendale Rd Spartanburg, SC 29307
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