262 Magnolia St Spartanburg, SC 29306-2329
Property profile & analytics
262 Magnolia St, Spartanburg, SC 29306-2329
- Retail space
- 3,832 SF
- 0.27 lot acres
Property ID
US77-0940824
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Deluxe Liquor Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 262 Magnolia St
- Year built
- 1930
- Construction
- BRICK
- Lot size
- 0.27 lot acres
- Property type
- Retail space
- APN
- 7-1206-01800
- APU
- 7120601800
Description
This exceptional retail property, located at 262 Magnolia Street in downtown Spartanburg, South Carolina, offers 3,832 square feet of retail space, ideally suited for a convenience store or restaurant. The property boasts a highly visible corner location at the intersection of Magnolia Street and Daniel Morgan Avenue, complete with a traffic signal, ensuring maximum exposure to potential customers. Its proximity to the new 340,000+ square foot county courthouse further enhances its desirability. The property also includes a substantial 3,150+ square foot basement level, offering ample storage or expansion opportunities. Situated on a 0.72-acre lot with 86 feet of road frontage on Magnolia Street, this property provides excellent accessibility and ample space. The property features one drive-in door for convenient loading and unloading. The Spartanburg County Tax Map numbers are 7-12-06-018.00 & 7-12-10-002.02, and the property is zoned DT-6. The asking price is $650,000, with an occupancy date of January 1, 2025. This is a rare opportunity to acquire a prime retail space in a thriving downtown area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $510,000
- ML approach
- $495,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $735,000
- 6.5%
- $680,000
- 7%
- $630,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $550,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.936
- Latitude
- 34.9532
- CBSA code
- 43900
- CBSA name
- SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,735
$4,547
$7,207
$11,754
-
$85,625
$135,700
$221,325
