109 William Jolley Dr Spartanburg, SC 29303

Property Details for 109 William Jolley Dr

Year built

1972

Construction

METAL FRAME

Lot size

0.77 lot acres

Property size

12,000 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

2-5512-06702

APU

2551206702

Description

This exceptional commercial property located at 109 William Jolley, Spartanburg, SC, presents a lucrative investment opportunity. The seven-unit building boasts a strong rental history, currently operating at full occupancy. Each unit includes a 96-100 square foot office space and a private bathroom, providing convenient and functional layouts for tenants. Four of the units offer substantial 2000 square foot bay areas, complete with roll-up doors and independent entrances, ideal for various commercial uses. The remaining three units feature 1300 square foot bay areas, similarly equipped with roll-up doors and separate entrances. The current rental income is robust, with four units generating $1300 per month, two units at $950 per month, and one unit at $1050 per month, resulting in a gross annual income of $98,700. Property taxes for 2023 were $4548, and insurance premiums for the same year totaled $5471. This fully leased, high-return investment property is priced at $1,300,000 and is ready for immediate sale. The property sits on a 0-acre lot. This is a turnkey investment with excellent potential for continued growth and strong cash flow. The property's location in Spartanburg, SC offers easy access to major transportation routes and a thriving local economy.