Technical
Financial
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Property profile

127-163 E Main St Spartanburg, SC 29306

OFF-MARKET
Retail residential properties
Built 1900
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Property summary

AI-generated overview

Located in downtown Spartanburg, South Carolina, the property consists of eight parcels totaling approximately 1.43 acres with approximately 315 linear feet of frontage along East Main Street and East Broad Street. The site is approved for a dense mixed-use development, with initial entitlements supporting a nine-story building concept. The planned building footprint totals approximately 8,256 square feet and is configured to include two levels of commercial space and over 200 residential units, supported by an on-site parking structure; design options are available to adjust parking configurations, the allocation of commercial versus residential space, and residential unit counts beyond 200. The site is within less than one block of Morgan Square, the City Hall, and the planetarium, and within under four blocks of the Minor League Baseball Stadium. Pre-development activities have been completed, including architectural design and efforts to secure state and local incentives.

Property profile

Verified
Property type Retail residential properties
Year built 1900

Cap rate & NOI

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

Location

127-163 E Main St Spartanburg, SC 29306
Spartanburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$8.95M

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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