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Property profile & analytics
OFF-MARKET Estimated value $575,000
Retail space

262 Magnolia St Spartanburg, SC 29306-2329

3,832 SF 0.27 ac lot Built 1930
Entity Owned 1-yr Hold Free & Clear
Property ID
US77-0940824
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction BRICK
Total area 3,832 SF
Lot 0.27 ac (11,750 SF)
APN 7-1206-01800
UPID US77-0940824
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Deluxe Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
$680k
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k
Owner & transaction history
Newburg Investments LLC · 1 yrs held
Newburg Investments LLC
since 2025
Last sale
$600,000
3 recorded transactions
2025
Price N/A
2025
$600,000
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $550,000 +71.4%
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