1057 Fernwood Glendale RdSpartanburg, SC 29307

Property Details for 1057 Fernwood Glendale Rd

Year built

1969

Construction

BRICK

Lot size

0.87 AC

Property size (Sq ft)

8,320 SF

Property type

Retail properties

Property subtype

Community centers

APN

7-0914-10400

APU

7091410400

Description

This exceptional 5,500 square foot commercial property, located at 1057 Fernwood Glendale Rd in Spartanburg, South Carolina, presents a fantastic opportunity for retail or restaurant businesses. Currently vacant and available for lease, the single-tenant space offers significant flexibility. The building's total area is 5,500 square feet, allowing for a variety of configurations. The property is divisible, catering to businesses requiring smaller footprints. A fully equipped kitchen featuring an 8-foot hood and sinks is already in place, making it ideal for food service establishments. The lease rate is $15 per square foot, triple net (NNN). This prime location in Spartanburg County, near the Hillcrest Shopping Center on the Eastside, ensures high visibility and accessibility for customers. The property's address is 1057 Fernwood Glendale Rd, Spartanburg, SC 29307. Its convenient location and adaptable space make it an attractive option for a wide range of businesses seeking a prominent presence in a thriving area. The property is classified as retail and restaurant space. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,362,072

  6.5%

  $2,180,374

  7%

  $2,024,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,726,164

  Geo Method

  $1,726,164

• Alternative Use

  Use

  Valuation

  Residential

  $1,839,228

  Hospitality

  $1,684,722

  Educational

  $1,401,669

  Medical

  $1,449,875

  Retail

  $2,180,374

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9658

Longitude

-81.8905

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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