Standalone Restaurant with
98 Southport Rd Spartanburg, SC 29306
98 Southport Rd, Spartanburg, SC, 29306
$650,000
For Sale
$650,000
Standalone restaurant site includes onsite parking and well-traveled corridor visibility, zoned B-1 in the City of Spartanburg.
Property Size1,600 SF
Lot Size0.44 Acres
Price / SF$406.25
Days on Market93
Property Features for 98 Southport Rd
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.44 Acres
- Property subtype
- Retail - Restaurant
Building Details
- Year Built
- 1998
Listing agency
Wilson Kibler
(864) 640-7429
Listed by
Bradley D. Toy · License #46844
Source
Commercialcafe
Added: Apr 21 Updated: Jul 21 at 12:49AM Checked: Jul 21 at 3:51AM
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 Wilson Kibler
Investment Insights
Based on property information with market context.
This standalone restaurant site offers approximately 1,600 square feet of restaurant space and sits on 0.44 acres with onsite parking. The property is zoned B-1 (City of Spartanburg) and includes HVAC units with updates listed as Unit 1 (2022, 5-ton gas pack) and Unit 2 (2016), along with a 60-mil TPO roof installed July 2021.
Located on Southport Road in Spartanburg, SC, the site benefits from visibility along a well-traveled corridor.
For sale or lease, the configuration supports restaurant operations within the existing improvements, with parking on-site to accommodate guests and staff.
Located on Southport Road in Spartanburg, SC, the site benefits from visibility along a well-traveled corridor.
For sale or lease, the configuration supports restaurant operations within the existing improvements, with parking on-site to accommodate guests and staff.
Key Highlights
- ±1,600 SF standalone restaurant space available for sale or lease
- Located on Southport Road in Spartanburg, SC, with visibility along a well‑traveled corridor
- ±0.44 AC site with onsite parking
Local Financial Insights For Specialty Retail
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 | $49.2k | $30.72 |
| − Vacancy | −$7.2k | −$4.47 |
| EGI | $42.0k | $26.25 |
| − OpEx | −$10.5k | −$6.56 |
| NOI | $31.5k | $19.69 |
1,600 SF · lease $30.72/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$450.0K
$393.8K – $525.0K
NOI $31,500 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,948 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Peach Cobbler Factory
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Standalone restaurant site includes onsite parking and well-traveled corridor visibility, zoned B-1 in the City of Spartanburg.
Where is this conventional restaurant located?
The property is located at 98 Southport Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: ±1,600 SF standalone restaurant space available for sale or lease; Located on Southport Road in Spartanburg, SC, with visibility along a well‑traveled corridor; ±0.44 AC site with onsite parking
