203 Fremont AveSpartanburg, SC 29303

Property Details for 203 Fremont Ave

Lot size

1.96 AC

Property size (Sq ft)

9,274 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

7-1201-08000

APU

7120108000

Description

This exceptional 9,069-square-foot property at 203 E Fremont Ave in Spartanburg, South Carolina, presents a unique investment opportunity. Currently configured as a dialysis clinic, this versatile building offers a blend of medical office and warehouse space, ideal for a variety of uses. Situated on a spacious 1.96-acre lot, the property boasts a large lobby, four restrooms, five private offices, and two conference rooms, along with 43 work stations. The warehouse area features a 10-foot ceiling height and a 7'x8' loading dock, enhancing its functionality. Security features include a gated rear access with a security box code and barbed wire fencing. The building is fully sprinklered and benefits from all LED lighting installed in 2020, ensuring energy efficiency. Three roof-mounted HVAC units maintain a comfortable climate. Additional amenities include a covered picnic area with an awning. The asking price is $995,000, translating to $109.71 per square foot. This property's combination of prime location, ample space, and desirable features makes it an attractive prospect for discerning investors and business owners. The property is located in Spartanburg County, SC, zip code 29303.

• CAP approach

  CAP return

  Valuation

  6%

  $1,791,099

  6.5%

  $1,653,322

  7%

  $1,535,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,528

  Geo Method

  $763,528

• Alternative Use

  Use

  Valuation

  Residential

  $2,050,120

  Hospitality

  $1,877,899

  Educational

  $1,562,390

  Medical

  $1,616,123

  Retail

  $2,430,384

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9611

Longitude

-81.9451

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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