277 W Main St Spartanburg, SC 29306
For Sale
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This exceptional 13-acre commercial land parcel presents a unique investment opportunity in the heart of Spartanburg, South Carolina. Located at 277 W Main St, 29306, this property boasts a prime location within Spartanburg County, acting as a "western gateway" to the city's vibrant downtown area. The site's designation as an Opportunity Zone (OZ) offers significant tax advantages for investors seeking to capitalize on economic development incentives. Further enhancing its appeal, this former mill site qualifies for South Carolina textile mill tax credits, providing additional financial benefits. Its strategic positioning along the planned rail trail extension and adjacency to the Fifth Third Bank Baseball Complex (completion anticipated Spring 2025) promise exceptional future growth and increased property value. The property is zoned OZ, allowing for a wide range of mixed-use development possibilities. This is a rare chance to acquire a substantial tract of land in a rapidly developing area, offering substantial potential for long-term returns. The property's size and location make it ideal for a variety of projects, from residential and commercial developments to industrial uses. Don't miss this chance to be part of Spartanburg's exciting future.
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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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.