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    1110 Simuel Rd Spartanburg, SC 29301

    Sponsored
    For Lease
    $36 SF/Yr

    High-traffic QSR opportunity. Prime location.

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,000 square foot Class A retail property, located at 1110 Simuel Road in Spartanburg, South Carolina, presents a unique investment opportunity. The single-tenant building, renovated in 2023, features a 1,500 square foot end cap space with a drive-thru, ideally suited for a quick-service restaurant (QSR). Situated on 0.61 acres of land, the property boasts 24 parking spaces and benefits from its strategic location at the intersection of I-26 and I-85, offering unparalleled visibility and high traffic volume. The property is zoned commercial and is part of a bustling development including a new upscale C-Store with 16 fueling stations, a Cracker Barrel, and a soon-to-open 200-room Four Points by Sheraton hotel. This ensures consistent foot traffic and exposure to a diverse customer base, further enhanced by the proximity of Spartanburg Community College with approximately 6,000 students. The property's single-story design and easy access from Business 85 contribute to its exceptional convenience and accessibility. This is a rare opportunity to secure a prime retail space in a high-growth area of Spartanburg County (zip code 29301). The property has no elevators.

    Property Features for 1110 Simuel Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Class
    A
    Total Rate
    30000

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,500 SF
    Rate per SF
    $36

    HighLights

    • 2023 Renovation
    • Abundant Parking
    • Drive‑Thru Available
    • Grease Trap Installed
    • Sixteen (16) Gas Pumps
    • Delivered as a Vanilla Shell
    Property Profile Location Intelligence

    Current Use by Public Records

    bp Gas Station Liquor Pointe #1 Liquor Store Swift Stop - Fairforest Gas Station ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0000284
    Latitude
    34.968739

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    FAQs

    What type of property is this?
    Restaurant - High-traffic QSR opportunity. Prime location.
    Where is this restaurant located?
    The property is located at 1110 Simuel Rd Spartanburg, SC.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: 2023 Renovation; Abundant Parking; Drive-Thru Available
    Request Owner's contact information
    1110 Simuel Rd Spartanburg, SC 29301
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    Spartanburg, SC 29301
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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
    1110 Simuel Rd Spartanburg, SC 29301
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