For Sale
$1,300,000

109 William Jolley Dr Spartanburg, SC 29303

Seven-unit building, fully leased, high ROI.

Overview

Added:
Feb 3
Days on market:
84
This exceptional commercial property located at 109 William Jolley, Spartanburg, SC, presents a lucrative investment opportunity. The seven-unit building boasts a strong rental history, currently operating at full occupancy. Each unit includes a 96-100 square foot office space and a private bathroom, providing convenient and functional layouts for tenants. Four of the units offer substantial 2000 square foot bay areas, complete with roll-up doors and independent entrances, ideal for various commercial uses. The remaining three units feature 1300 square foot bay areas, similarly equipped with roll-up doors and separate entrances. The current rental income is robust, with four units generating $1300 per month, two units at $950 per month, and one unit at $1050 per month, resulting in a gross annual income of $98,700. Property taxes for 2023 were $4548, and insurance premiums for the same year totaled $5471. This fully leased, high-return investment property is priced at $1,300,000 and is ready for immediate sale. The property sits on a 0-acre lot. This is a turnkey investment with excellent potential for continued growth and strong cash flow. The property's location in Spartanburg, SC offers easy access to major transportation routes and a thriving local economy.

Property Details for 109 William Jolley Dr

Property type
Commercial real estate

Location Insight

City
Spartanburg
County
Spartanburg, SC
State
South Carolina
Latitude
34.99321
Longitude
-81.99397

FAQs

What type of property is this?
Commercial real estate - Seven-unit building, fully leased, high ROI.
Where is the commercial real estate located?
The property is located at 109 William Jolley Dr Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,300,000.
How can I contact the broker?
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109 William Jolley Dr
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