348 Preston StSpartanburg, SC 29303

Property Details for 348 Preston St

Year built

1950

Construction

CONCRETE

Lot size

1.00 AC

Property size (Sq ft)

20,050 SF

Property type

Other commercial real estate

APN

7-1108-15000

APU

7110815000

Description

This exceptional 60,802-square-foot mixed-use property in Spartanburg, South Carolina, presents a compelling investment opportunity. Located at 348 Preston St, in the revitalized Northside community, this vacant building offers a flexible floor plan ideal for creative office, flex space, or warehouse uses. The property boasts a brand-new roof and HVAC system, ensuring low maintenance costs for the new owner. Its convenient location provides easy access to downtown Spartanburg, Wofford College, and VCOM, enhancing its appeal to a wide range of potential tenants. The property sits on a flat lot with ample on-site parking, a significant advantage in a competitive market. Furthermore, this investment qualifies for Opportunity Zone incentives, offering substantial tax advantages. The asking price is $1,900,000. The property is currently vacant and available for immediate occupancy under a NNN lease structure. This versatile space, with its modern upgrades and prime location, represents a rare opportunity to acquire a high-value asset in a rapidly growing area. The 20,000 square foot flexible floor plan allows for customization to suit various business needs. This is a turnkey opportunity for an investor seeking a strong return in a desirable location. The property is zoned for industrial, mixed-use, office, retail, and special purpose uses. The zip code is 29303.

• Alternative Use

  Use

  Valuation

  Residential

  $4,432,273

  Hospitality

  $4,059,938

  Educational

  $3,377,821

  Medical

  $3,493,990

  Retail

  $5,254,388

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9564

Longitude

-81.9485

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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