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Property profile

207 Cedar Springs Rd Spartanburg, SC 29302

OFF-MARKET
Retail properties & Spaces
View Sample
3,500 SF 1.24 ac lot

Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving, 100% occupied, upscale liquor and party supply store in Spartanburg, South Carolina. Located at 207 Cedar Springs Rd, this 3,500 square foot concrete building sits on a 1.24-acre lot with ample paved parking (35 spaces). The property boasts a strong net operating income (NOI) of $232,600, yielding a 10.11% cap rate at an asking price of $2,300,000 ($657.14/sq ft). The business benefits from a prime location in a rapidly growing area with numerous new residential developments, ensuring a consistent customer base. Features include a new security system, cameras, walk-in cooler, beer cave, and extensive shelving and display units. The property's land value is $42.58 per square foot. The sale includes the building and land

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,500 SF
Lot 1.24 ac (54,014 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Atm Currency Exchange Service

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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