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Property profile & analytics
OFF-MARKET
Retail space

701 Un Hwy Enoree, SC 29335-3607

1,500 SF 0.42 ac lot Built 1931
Individually Owned 5-yr Hold Free & Clear
Property ID
US77-1165137
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully renovated 1,500 square foot convenience store and restaurant located at 701 Union Hwy, Enoree, SC 29335, in Spartanburg County. The property sits on a lot ranging from 0.5 to 0.99 acres and includes two single-story buildings. Currently vacant, this turnkey operation boasts brand new equipment and prep stations, ready for immediate occupancy. The asking price is $179,000, representing a compelling price per square foot of $119.33. Financial projections indicate a strong pro-forma NOI of $72,000 and a remarkable pro-forma cap rate of 40.22%. This owner-user investment presents significant growth potential in a high-demand area. The property's APN is 4-63-00-061.02. This is a rare chance to acquire a well-equipped, renovated business in a thriving location. The property's previous success demonstrates its earning potential, making it an attractive proposition for savvy investors. Don't miss this chance to capitalize on this lucrative opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1931
Construction CONCRETE BLOCKS
Total area 1,500 SF
Lot 0.42 ac (18,300 SF)
APN 4-6300-06102
UPID US77-1165137
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
  • Mama T's Country Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tammy L Black · 5 yrs held
Tammy L Black
since 2021
Last sale
$30,000
1 recorded transaction
2021
$30,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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