207 Cedar Springs RdSpartanburg, SC 29302
- Retail properties
- 3,500 SF
Property Details for 207 Cedar Springs Rd
- Lot size
- 1.24 AC
- Property size (Sq ft)
- 3,500 SF
- Property type
- Retail properties
Description
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
Location Insight
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Latitude
- 34.9199
- Longitude
- -81.8858
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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