480 Floyd RdSpartanburg, SC 29307

Property Details for 480 Floyd Rd

Year built

2005

Construction

BRICK

Lot size

1.65 AC

Property size (Sq ft)

11,178 SF

Property type

Medical offices

Property subtype

Medical centers

APN

7-0900-00149

APU

7090000149

Description

This exceptional 11,058 square foot multi-tenant medical office building, located at 480 Floyd Rd in Spartanburg, South Carolina, presents a unique investment opportunity. Situated on a generous 1.649-acre lot, the property offers immediate occupancy with 4,950 square feet of vacant space currently available. The building is comprised of two suites, with flexible space options ranging from a minimum of 1,950 square feet to a maximum contiguous space of 3,000 square feet. This makes it ideal for a variety of medical practices, from individual physicians to larger group practices seeking expansion or relocation. The building's location in Spartanburg County, South Carolina, provides excellent access to major transportation routes and a thriving medical community. The property's address is 29307, offering convenient access for patients and staff alike. This is a rare opportunity to acquire a well-situated medical office building with significant potential for growth and immediate income generation. The building's existing infrastructure and layout provide a solid foundation for a successful medical practice. Don't miss this chance to secure a prime location in a desirable market. Contact us today to schedule a showing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,158,821

  6.5%

  $1,992,758

  7%

  $1,850,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $920,285

  Geo Method

  $920,285

• Alternative Use

  Use

  Valuation

  Residential

  $2,471,020

  Hospitality

  $2,263,441

  Educational

  $1,883,156

  Medical

  $1,947,921

  Retail

  $2,929,354

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9829

Longitude

-81.8956

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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