100 Simuel RdSpartanburg, SC 29303

Property Details for 100 Simuel Rd

Year built

1975

Lot size

0.63 AC

Property size (Sq ft)

3,500 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

6-1302-00900

APU

6130200900

Description

This exceptional 3,864 square foot single-tenant retail building, ideally suited for a restaurant, is available for lease at 100 Simuel Road in Spartanburg, South Carolina. Situated on a 0.67-acre lot, this one-story building offers ample space for a thriving culinary establishment. The property boasts a convenient location in Spartanburg County, less than a mile from significant new multifamily developments, The One of Spartanburg and The Willow, ensuring high visibility and potential customer traffic. The property's zoning is currently unlisted. The building's address is 100 Simuel Road, Spartanburg, SC 29303, with its precise location identified by latitude 34.9829167 and longitude -81.9731478. The property's parcel number (APN) is 6-13-02-009.00. The entire building of 3,864 square feet is currently vacant, presenting a unique opportunity for a restaurant operator to establish their presence in a rapidly developing area. This property offers a blank canvas for a new restaurant concept or an ideal relocation opportunity for an existing business seeking expansion. The single-tenant occupancy ensures complete control and customization of the space. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $993,660

  6.5%

  $917,225

  7%

  $851,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $726,151

  Geo Method

  $726,151

• Alternative Use

  Use

  Valuation

  Residential

  $773,714

  Hospitality

  $708,717

  Educational

  $589,645

  Medical

  $609,923

  Retail

  $917,225

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9831

Longitude

-81.973

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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