300 Aden StSpartanburg, SC 29303

Property Details for 300 Aden St

Year built

1954

Construction

CONCRETE BLOCKS

Lot size

6.86 AC

Property size (Sq ft)

877 SF

Property type

Office properties

Property subtype

Office buildings

APN

7-1108-14700

APU

7110814700

Description

Aden Bonded, located at 300 Aden St, Spartanburg, SC 29303, offers a unique opportunity in a vibrant mixed-use development. This 93,000 square foot property, originally built in 1954 and extensively renovated in 2022, boasts a diverse range of spaces suitable for retail, office, food and beverage, restaurant, loft, creative, and medical center uses. The flexible floor plans accommodate businesses of various sizes, with a minimum divisible space of 230 square feet and a maximum contiguous space of 12,050 square feet. The property is zoned DT5 and situated in Spartanburg County, providing convenient access to the surrounding community. Ample parking is available with 350 spaces. This redevelopment project aims to empower local entrepreneurs and enhance the Northside Spartanburg community. The property is expected to be available in Q2 2024. This is an exceptional opportunity to establish a presence in a revitalized area with strong community ties and a diverse range of potential tenants. Contact us to learn more about leasing opportunities within this exciting development.

• CAP approach

  CAP return

  Valuation

  6%

  $169,376

  6.5%

  $156,347

  7%

  $145,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $72,203

  Geo Method

  $72,203

• Alternative Use

  Use

  Valuation

  Residential

  $193,870

  Hospitality

  $177,584

  Educational

  $147,748

  Medical

  $152,829

  Retail

  $229,830

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9566

Longitude

-81.9494

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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