350 Henry StSpartanburg, SC 29302

Property Details for 350 Henry St

Year built

2001

Lot size

1.12 AC

Property size (Sq ft)

7,135 SF

Property type

Retail properties

Property subtype

Banks

APN

7-1211-24400

APU

7121124400

Description

This exceptional 7,665-square-foot retail building, formerly a bank, presents a unique investment opportunity in Spartanburg, South Carolina. Situated on a 1.12-acre lot at 350 E Henry St (APN 7-12-11-244.00), this two-story structure boasts a desirable location within the City of Spartanburg's Urban Center District. The building features approximately 3,815 square feet on the first floor and approximately 3,850 square feet on the second floor, offering ample space for various retail or office uses. The property includes three covered drive-through lanes, a stucco exterior, and a composite shingle roof. Modern conveniences such as 100% climate control, building and monument signage, and 38 onsite parking spaces are also included. Convenient access is provided via E. Henry Street, St. Paul Street, and Chestnut Street. The asking price is $1,700,000, translating to $221.79 per square foot. This property is zoned for the City of Spartanburg, Urban Center District, offering significant potential for a variety of commercial ventures. Don't miss this chance to acquire a well-maintained, strategically located commercial property in a thriving South Carolina market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,025,648

  6.5%

  $1,869,828

  7%

  $1,736,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,480,310

  Geo Method

  $1,480,310

• Alternative Use

  Use

  Valuation

  Residential

  $1,577,270

  Hospitality

  $1,444,771

  Educational

  $1,202,032

  Medical

  $1,243,372

  Retail

  $1,869,828

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9481

Longitude

-81.9211

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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