For Sale
$2,300,000

207 Cedar Springs RdSpartanburg, SC 29302

Upscale Liquor & Party Store, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a thriving, 100% occupied, upscale liquor and party supply store in Spartanburg, South Carolina. Located at 207 Cedar Springs Rd, this 3,500 square foot concrete building sits on a 1.24-acre lot with ample paved parking (35 spaces). The property boasts a strong net operating income (NOI) of $232,600, yielding a 10.11% cap rate at an asking price of $2,300,000 ($657.14/sq ft). The business benefits from a prime location in a rapidly growing area with numerous new residential developments, ensuring a consistent customer base. Features include a new security system, cameras, walk-in cooler, beer cave, and extensive shelving and display units. The property's land value is $42.58 per square foot. The sale includes the building and land

Highlights

  • Exceptional location in high-growth Spartanburg, SC.
  • Upscale, non-franchise liquor and party supply store with real estate included.
  • High-margin inventory of rare spirits and cigars (inventory not included in sale price).
  • Rapidly growing area with substantial new residential development.
  • Turnkey operation with established customer base.
  • 3,500 SF concrete building on 1.24-acre lot with 35 paved parking spaces.

Property Details for 207 Cedar Springs Rd

Property type
Retail properties
Square Feet
3,500 SF
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.9198787
Longitude
-81.8858128
207 Cedar Springs Rd, Spartanburg, South Carolina

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207 Cedar Springs Rd
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