1103 Asheville HwySpartanburg, SC 29303

Property Details for 1103 Asheville Hwy

Year built

1969

Lot size

0.46 AC

Property size (Sq ft)

8,280 SF

Property type

Retail properties

Property subtype

Retail space

APN

7-0712-07001

APU

7071207001

Description

This 8,200 square foot flex space, located at 1103 Asheville Highway in Spartanburg, South Carolina, presents a unique investment opportunity. The property sits on a 0.48-acre lot and boasts 20 parking spaces, making it ideal for a variety of commercial uses. Previously a print shop, the building features a lobby, private offices, and three bathrooms. The interior includes an 11-foot ceiling height (with a drop ceiling), and column spacing of approximately 22 feet. A loading dock platform is conveniently located at the rear of the building. High visibility on Asheville Highway, with over 13,000 vehicles passing daily, ensures excellent exposure for your business. The property also includes a billboard generating approximately $600 annual income, which is included in the sale. All utilities, including natural gas, are connected to the site. The asking price is $589,000, translating to $71.83 per square foot. Spartanburg County Tax Map 7-07-12-070.01 further identifies this prime location in the 29303 zip code. This versatile space offers significant potential for a variety of businesses seeking a high-traffic location in Spartanburg County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,350,716

  6.5%

  $2,169,892

  7%

  $2,014,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,717,865

  Geo Method

  $1,717,865

• Alternative Use

  Use

  Valuation

  Residential

  $1,830,385

  Hospitality

  $1,676,623

  Educational

  $1,394,931

  Medical

  $1,442,904

  Retail

  $2,169,892

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.972

Longitude

-81.954

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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