701 Union Hwy Enoree, SC 29335
- Retail space
- 1,500 SF
- 0.42 lot acres
Current Use by Public Records
- Mama T's Country Store / Convenience Store
Property Details for 701 Union Hwy
- Year built
- 1931
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.42 lot acres
- Property size
- 1,500 SF
- Property type
- Retail space
- APN
- 4-6300-06102
- APU
- 4630006102
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Enoree
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.8607
- Latitude
- 34.6415
- CBSA code
- 43900
- CBSA name
- SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
