187 Church StSpartanburg, SC 29306

Property Details for 187 Church St

Year built

1925

Construction

BRICK

Lot size

1.17 AC

Property size (Sq ft)

146,226 SF

Property type

Office properties

Property subtype

Office buildings

APN

7-1210-04400

APU

7121004400

Description

This exceptional 1,781-square-foot office suite is located in the beautifully restored Montgomery Building at 187 N Church St, Spartanburg, SC 29306. Built in 1924 and fully renovated in 2018, this Class B, single-tenant space boasts a blend of historic character and modern amenities. Situated in a prime downtown location at the intersection of two major corridors, the property benefits from high visibility and foot traffic. The building is a 10-story structure with elevators, offering convenient access. The surrounding area is vibrant and bustling, with nearby amenities including 63 residential units within the building, popular retail establishments (Pharmacy Coffee, Green Papaya Salon, Oxford Barber, and James & James Collection), a significant office tenant (Agape Health Care with 704 employees), and proximity to USC Upstate School of Business, Chapman Cultural Center, Spartanburg Marriott, and the soon-to-be-completed Fairfield Suites. This presents a unique opportunity to establish a presence in a thriving downtown community with a strong existing consumer base. Spartanburg County location provides easy access to major transportation routes. The property is ideal for businesses seeking a prestigious address and a strong local presence.

• CAP approach

  CAP return

  Valuation

  6%

  $28,240,810

  6.5%

  $26,068,440

  7%

  $24,206,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,038,787

  Geo Method

  $12,038,787

• Alternative Use

  Use

  Valuation

  Residential

  $32,324,866

  Hospitality

  $29,609,404

  Educational

  $24,634,676

  Medical

  $25,481,900

  Retail

  $38,320,608

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9521

Longitude

-81.9325

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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