550 Church StSpartanburg, SC 29306

Property Details for 550 Church St

Year built

2007

Construction

CONCRETE BLOCKS

Lot size

4.85 AC

Property size (Sq ft)

38,074 SF

Property type

Community centers

APN

7-1602-29500

APU

7160229500

Description

This exceptional retail property, located at 550 S Church Street in Spartanburg, South Carolina, offers a total of 21,273 square feet of vacant space, ideal for multiple tenants. The property is currently entirely available for lease, presenting a unique opportunity for businesses seeking high-visibility locations in a thriving commercial area. The flexible layout allows for various configurations, with spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 17,073 square feet. This adaptability makes it suitable for a wide range of retail concepts, from smaller boutiques to larger flagship stores. The property's address, 550 S Church St, places it within a dynamic commercial district of Spartanburg, SC, zip code 29306, offering excellent accessibility and high foot traffic. The property's Asset Property Number (APN) is 7-16-02-295.00. This prime location provides unparalleled exposure and presents a significant advantage for businesses seeking to establish or expand their presence in the Spartanburg market. The building's size and layout offer considerable flexibility, allowing for customization to meet the specific needs of prospective tenants. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a substantial retail presence in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,809,320

  6.5%

  $9,977,834

  7%

  $9,265,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,899,274

  Geo Method

  $7,899,274

• Alternative Use

  Use

  Valuation

  Residential

  $8,416,677

  Hospitality

  $7,709,630

  Educational

  $6,414,322

  Medical

  $6,634,920

  Retail

  $9,977,834

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9383

Longitude

-81.9292

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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