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Property profile & analytics
FOR SALE
Warehouses

277 W Main St Spartanburg, SC 29306

49,936 SF 4.29 ac lot Built 1965
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US77-1392775
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1965
Construction CONCRETE BLOCKS
Total area 49,936 SF
Lot 4.29 ac (186,960 SF)
APN 7-1214-00200
UPID US77-1392775
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
  • heart of bosto Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.01M
Owner & transaction history
Project 307 2018 LLC · 8 yrs held
Project 307 2018 LLC
since 2018
7 recorded transactions
2022
Price N/A
2020
Price N/A
2018
$925,000
2016
Price N/A
2010
$500,000
2008
$500,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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