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Property profile & analytics
OFF-MARKET Estimated value $925,000
Community centers

2932 Reidville Rd Spartanburg, SC 29301-5671

10,452 SF 1.4 ac lot Built 2007
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US77-1386538
Property summary
AI-generated overview

This exceptional 10,452 square foot commercial property located at 2932 Reidville Road in West Spartanburg, South Carolina, presents a prime opportunity for businesses seeking versatile space. Built in 2007, the building features a traditional office layout suitable for a variety of uses, including retail, office, or service-oriented businesses. The property boasts three available suites, each measuring 1,500 square feet, offering ample space for individual tenants or potential consolidation. A total of 4,500 square feet is currently vacant. The building sits on a 1.39-acre lot, providing ample parking for tenants and customers. The property benefits from excellent visibility and accessibility on Reidville Road, a key thoroughfare in the West Spartanburg submarket. Utilities include power. This location offers a chance to establish or expand a business in a thriving area, with the potential for high foot traffic and strong brand visibility. The spacious interior features natural light, creating a welcoming and productive work environment. Modern amenities are included, making this a move-in ready opportunity. The zip code is 29301.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2007
Construction METAL FRAME
Total area 10,452 SF
Lot 1.4 ac (60,984 SF)
APN 6-2400-02000
UPID US77-1386538
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
  • Justin Dowling, REALTOR®, Ponce Realty Group Real Estate Agency
  • Matthew P. Anderson, PT Physician
  • Body Sculptors Gym & Fitness Center
  • The Ott Group at Ponce Realty Group Real Estate Agency
  • Satwinder Roopra Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$925k
Owner & transaction history
Reidville Road 2932 LLC · 3 yrs held
Reidville Road 2932 LLC
since 2023
Last sale
$1.2M
2 recorded transactions
2023
$1.2M
2016
$605,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.5M +86.2%
Retail stores $955,000 +18.6%
Commercial (general) $870,000 +8.1%
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