262 Magnolia St Spartanburg, SC 29306-2329
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.
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Deluxe Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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