1948 Main StSpartanburg, SC 29307

Property Details for 1948 Main St

Year built

1998

Construction

CONCRETE BLOCKS

Lot size

0.61 AC

Property size (Sq ft)

4,022 SF

Property type

Community centers

APN

7-0910-09700

APU

7091009700

Description

This single-tenant property at 1948 E Main St, Spartanburg, SC 29307, offers 4,022 square feet on a 26,241 square foot lot. Built in 1998, this one-story building is situated in a prime location within Spartanburg's Hillcrest Market Place, boasting unparalleled visibility on the heavily trafficked East Main Street corridor. The property's strategic location offers easy access to major transportation routes, including I-85 and I-26, and is just minutes from downtown Spartanburg. Its proximity to established businesses like Publix, Chick-fil-A, and Whataburger ensures high foot and vehicle traffic. The property features convenient on-site parking and is ideal for a variety of commercial uses, including retail, office, or service-based businesses. This location benefits from a rapidly growing market with increasing demand for commercial services, making it an excellent investment opportunity in a thriving commercial district. The building is currently configured as a traditional office space with 1,554 square feet of rentable area. The property presents a unique opportunity to capitalize on the high visibility and strong demographics of this established commercial area. Ample space and convenient parking cater to both customers and employees.

• CAP approach

  CAP return

  Valuation

  6%

  $1,141,858

  6.5%

  $1,054,022

  7%

  $978,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,451

  Geo Method

  $834,451

• Alternative Use

  Use

  Valuation

  Residential

  $889,107

  Hospitality

  $814,418

  Educational

  $677,586

  Medical

  $700,889

  Retail

  $1,054,022

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9703

Longitude

-81.8891

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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