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Property profile & analytics
FOR SALE
Commercial real estate

571 E Main St Spartanburg, SC 29302

4,688 SF 0.48 ac lot Built 1900
Individually Owned 8-yr Hold
Property ID
US77-2912382
Property summary
AI-generated overview

This stunning 4,688 square foot executive office building, known as the Charles Pinckney Wofford House, is situated on a 0.48-acre lot at 571 E Main St, Spartanburg, SC 29302. Built in 1909 and extensively renovated within the last 10 years, this property boasts a prime location at the entrance to the Converse Heights neighborhood, directly across from Converse College. Designed by Atlanta architect Gottfried Norman, the building offers high visibility with approximately 26,000 vehicles passing daily. Its versatile layout, previously used as a gift shop and restaurant, features multiple rooms easily adaptable for professional office use. The property benefits from street parking and is conveniently located minutes from downtown Spartanburg. Currently zoned LOD (Limited Office District) and R8, this presents a unique opportunity for a variety of uses. The asking price is $1,500,000. This is a rare chance to acquire a piece of Spartanburg history with significant potential for future growth and profitability.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 4,688 SF
Lot 0.48 ac (20,952 SF)
APN 7-1208-10700
UPID US77-2912382
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Martin G Dew · 8 yrs held
Martin G Dew
since 2018
5 recorded transactions
2023
Price N/A
2020
Price N/A
2018
$780,000
2008
$375,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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