234 John B White Sr BlvdSpartanburg, SC 29306

Property Details for 234 John B White Sr Blvd

Year built

1946

Construction

METAL FRAME

Lot size

0.20 AC

Property size (Sq ft)

3,396 SF

Property type

Retail properties

Property subtype

Auto shops

APN

7-1601-05700

APU

7160105700

Description

This thriving auto repair shop, located at 234 John B White Sr Blvd in Spartanburg, South Carolina, presents a unique investment opportunity. The 3600 square foot building boasts four spacious mechanical bays, perfectly equipped for efficient and effective vehicle repair. The business itself has a rich history, having operated successfully at this location for 36 years, establishing a loyal customer base and strong reputation within the community. Its prime location near the well-known Beacon restaurant and the vibrant downtown Spartanburg area ensures high visibility and consistent foot traffic, contributing to its ongoing success. The asking price for this turnkey operation is $495,000. This includes the established business and the building itself, offering a complete package for a prospective buyer. The property is zoned for industrial use and is situated in Spartanburg County, South Carolina, zip code 29306. Serious inquiries only. Please refrain from contacting the owner or disturbing customers during business hours. Further details are available upon request. This is a rare opportunity to acquire a well-established and profitable business in a desirable location. Don't miss out on this chance to own a piece of Spartanburg's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $964,134

  6.5%

  $889,970

  7%

  $826,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $704,574

  Geo Method

  $704,574

• Alternative Use

  Use

  Valuation

  Residential

  $750,723

  Hospitality

  $687,658

  Educational

  $572,124

  Medical

  $591,800

  Retail

  $889,970

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9414

Longitude

-81.9435

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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