1074 Asheville HwySpartanburg, SC 29303

Property Details for 1074 Asheville Hwy

Year built

1986

Construction

BRICK

Lot size

0.62 AC

Property size (Sq ft)

3,010 SF

Property type

Office properties

Property subtype

Office buildings

APN

7-0716-08000

APU

7071608000

Description

This exceptional industrial property, located at 1074 Asheville Highway in Spartanburg, South Carolina, presents a compelling investment opportunity. Priced at $450,000, this 0.26-acre lot offers significant potential for various commercial uses. The property is classified as both industrial and commercial, providing flexibility for a range of businesses. The warehouse building itself is currently un-subdivided, offering a blank canvas for customization and development. Its location in Spartanburg, SC, zip code 29303, provides convenient access to major transportation routes and a thriving local economy. The property's zoning and permitted uses should be independently verified to ensure compliance with intended business operations. This is an excellent opportunity for owner-occupiers or investors seeking a versatile industrial space in a prime location. The absence of existing units allows for complete design and build-out to meet specific business needs. Serious inquiries are encouraged to explore the full potential of this valuable asset. Further details regarding the property's specifics, including any potential environmental concerns, should be independently investigated prior to purchase. This property is being sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $581,325

  6.5%

  $536,608

  7%

  $498,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $247,813

  Geo Method

  $247,813

• Alternative Use

  Use

  Valuation

  Residential

  $665,394

  Hospitality

  $609,497

  Educational

  $507,094

  Medical

  $524,534

  Retail

  $788,813

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.969

Longitude

-81.9523

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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