364 Whitney RdSpartanburg, SC 29303

Property Details for 364 Whitney Rd

Year built

1950

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

992 SF

Property type

Office properties

Property subtype

Office buildings

APN

7-0810-00300

APU

7081000300

Description

This exceptional 0.43-acre commercial property at 364 Whitney Rd, Spartanburg, SC, presents a unique investment opportunity. Priced at $500,000, the property boasts a highly desirable location with very high traffic volume, ensuring excellent visibility and accessibility for any business. Previously utilized as a car wash and car sales lot, the existing structure offers significant potential for redevelopment and repurposing. The building includes office space that can be renovated to suit a variety of commercial uses. The adaptable layout and prominent location make this property ideal for entrepreneurs seeking a high-impact presence in a bustling area of Spartanburg. The substantial lot size provides ample space for expansion, parking, or outdoor operations. This is a rare chance to acquire a well-situated commercial property in a thriving market, ready for its next chapter. The property's history as a car wash and sales lot speaks to its proven commercial viability and strong location. Investors and business owners alike will appreciate the potential for immediate occupancy or extensive renovation to create a customized commercial space. Don't miss this chance to secure a prime commercial location in a dynamic and growing city. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $191,586

  6.5%

  $176,849

  7%

  $164,217

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,671

  Geo Method

  $81,671

• Alternative Use

  Use

  Valuation

  Residential

  $219,293

  Hospitality

  $200,871

  Educational

  $167,122

  Medical

  $172,870

  Retail

  $259,968

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9748

Longitude

-81.9363

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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