207 Cedar Springs Rd, Spartanburg, SC 29302
- Retail properties & Spaces
- 3,500 SF
- 1.24 lot acres
Current Use by Public Records
- Pick & Save Party Shop / Grocery & Convenience Store
- Pick & Save Liquor Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
- National Bitcoin ATM / Atm / Currency Exchange Service
Property Details for 207 Cedar Springs Rd
- Lot size
- 1.24 lot acres
- Property type
- Retail properties & Spaces
Description
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
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.8858
- Latitude
- 34.9199
