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Property profile

375 W Main St Spartanburg, SC 29301

Commercial land
Property ID
US77-0936948
View Sample
3,501 SF 1.17 ac lot Built 1992
Entity Owned 8-yr Hold Free & Clear
375 W Main St, Spartanburg, SC 29301 For Sale
$580,000 3,501 SF
375 W Main St, Spartanburg, SC 29301
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Property summary

AI-generated overview

This exceptional 1.17-acre commercial land parcel presents a remarkable redevelopment opportunity in the heart of Spartanburg, South Carolina. Located at 375 W Main St, Site #2107, this property boasts a highly desirable location at a hard corner of a well-lit intersection, offering excellent visibility and accessibility. The lot features approximately 200 feet of frontage on West Main Street and 260 feet on Forest Street, providing ample space for a variety of development projects. Zoned DT5 (Urban Center District) within the City of Spartanburg, this site benefits from the availability of all utilities. The property is identified by Spartanburg County Tax Map Number 7-12-13-310.00. While land use restrictions may apply, this prime location offers significant potential for investors and developers seeking to capitalize on the vibrant growth of downtown Spartanburg. The asking price for this exceptional property is $1,000,000. This is a rare opportunity to acquire a substantial land holding in a thriving urban center. Don't miss out on this chance to shape the future of downtown Spartanburg.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1992
Total area 3,501 SF
Lot 1.17 ac (50,965 SF)
APN 7-1213-31000
UPID US77-0936948

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
  • Building Supply

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$710k
Comparable Approach Comparable
$581k
Blend (final) Blend
$580k

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $500,000 +72.2%

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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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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