207 Cedar Springs RdSpartanburg, SC 29302

  • Retail properties
  • 3,500 SF
For Sale
$2,300,000 View listing

Property Details for 207 Cedar Springs Rd

Lot size
1.24 AC
Property size (Sq ft)
3,500 SF
Property type
Retail properties
Property subtype
Other 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

207 Cedar Springs Rd, Spartanburg, South Carolina

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.9199
Longitude
-81.8858

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