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Property profile & analytics
FOR SALE
Car washes

601 Union St Spartanburg, SC 29306

1,360 SF 0.36 ac lot Built 1979
Entity Owned 1-yr Hold Free & Clear
Property ID
US77-2981902
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1,360 square foot vacant retail property, specifically configured as a four-bay self-serve car wash, located at 601 Union Street in Spartanburg, South Carolina. The property sits on a 0.36-acre lot at a hard corner with a traffic light, ensuring high visibility and accessibility. Boasting a prominent location just 0.5 miles from Downtown Spartanburg and 0.1 miles from Pine Street, this property benefits from significant daily traffic volume, exceeding 10,500 vehicles per day on Union Street. The existing infrastructure includes four wash bays and four vacuum stations, ready for immediate operation. Further enhancing its income potential is a currently active billboard, generating additional revenue streams. The property's proximity to Downtown Spartanburg, the Rail Trail, and Duncan Park adds to its appeal and potential for future growth. This vacant, high-traffic location presents a unique opportunity for an investor or entrepreneur seeking a turnkey car wash business or a similar retail venture in a thriving South Carolina market. The asking price is $175,000. The property is zoned for retail use and is ready for immediate occupancy.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1979
Construction BRICK
Total area 1,360 SF
Lot 0.36 ac (15,682 SF)
APN 7-1216-09500
UPID US77-2981902
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
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
601 Union LLC · 1 yrs held
601 Union LLC
since 2025
Last sale
$175,000
4 recorded transactions
2025
Price N/A
2025
$175,000
2004
$153,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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