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