2700 E Main St Spartanburg, SC 29307
7.76 acres on a busy commercial corridor, redevelopment opportunity.
Property Features for 2700 E Main St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 7.76 Acres
- Property subtype
- Land, Mixed Use, Office, Retail
Listing office Spencer/Hines Properties Spartanburg (864) 706-0189
Listing date Jun 7, 2024
Source Crexi
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 Spencer/Hines Properties Spartanburg
Investment Insights
Based on property information with market context.
Key Highlights
- Prime redevelopment opportunity on Highway 29 with high visibility (27,000+ VPD)
- Large 7.76‑acre lot with significant road frontage on E. Main Street (+/- 303') and Plainview Drive (+/- 517')
- No zoning restrictions, offering flexible development options
Local Financial Insights For Office B
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 | $241.2k | $24.12 |
| − Vacancy | −$35.1k | −$3.51 |
| EGI | $206.1k | $20.61 |
| − OpEx | −$51.5k | −$5.15 |
| NOI | $154.6k | $15.46 |
