Property profile

262 Magnolia St Spartanburg, SC 29306

OFF-MARKET
Retail space
Property ID
US77-0940824
3,832 SF 0.27 ac lot Built 1930
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

262 Magnolia St Spartanburg, SC 29306-2329
Spartanburg metro Census 21200 SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
$680k
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k

Owner & transaction history

since 2025
Last sale
$600,000
3 recorded transactions
2025
Price N/A
2025
$600,000
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $550,000 +71.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 262 Magnolia St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message