Technical
Financial
Distress signals
Property profile

280 Whitney Rd Spartanburg, SC 29303

FOR SALE
Bars & Pubs
Property ID
US77-0643172
2,154 SF 1.04 ac lot Built 1966
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant and sports bar opportunity is located at 280 Whitney Road in Spartanburg, South Carolina. The property boasts a full kitchen equipped with a walk-in freezer and ice machine, ensuring efficient food preparation and storage. A fully functional bar area, complete with pool tables, provides ample entertainment options for patrons. The outdoor patio and bar area offer additional seating and a vibrant atmosphere, ideal for warmer weather. A private office with its own restroom provides a dedicated space for management or administrative tasks. The property sits on a 1.03-acre lot, offering potential for expansion or outdoor improvements. Its prime location, just one block from the Spartanburg Medical Center, guarantees high visibility and foot traffic, making it an attractive investment for a seasoned restaurateur or a new business venture. The asking price for this established business is $459,000. The square footage is not currently available. This is a rare opportunity to acquire a well-equipped and strategically located commercial property in a thriving area of Spartanburg. Serious inquiries only.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1966
Construction BRICK
Total area 2,154 SF
Lot 1.04 ac (45,477 SF)
APN 7-0809-10600
UPID US77-0643172

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
  • Atm
  • Bar & Pub Nightclub

Location

280 Whitney Rd Spartanburg, SC 29303
Spartanburg metro Census 21500 SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2022
Last sale
$240,000
3 recorded transactions
2022
Price N/A
2022
$240,000
2018
$168,000

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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