103 Jones RdSpartanburg, SC 29303

Property Details for 103 Jones Rd

Year built

1999

Construction

WOOD

Lot size

1.93 AC

Property size (Sq ft)

2,100 SF

Property type

Retail properties

Property subtype

Retail space

APN

7-0200-06600

APU

7020006600

Description

This exceptional 2-acre retail land parcel in Spartanburg, South Carolina, presents a prime development opportunity. Located off I-85 with excellent visibility and access, this property boasts a partially renovated 2,100+ square foot building and a double-sided billboard offering significant exposure to the 70,100 daily vehicles on I-85. Two convenient access points on Jones Road enhance accessibility. The site's strategic location places it within a mile of major retailers including Starbucks, Burger King, Subway, Arby's, Waffle House, McDonald's, Bojangles, Wendy's, Advanced Auto Parts, RaceTrac, Ingles, and more, ensuring high foot traffic and consumer visibility. The parcel ID is 7-02-00-066.00. This property is ideal for a variety of retail uses or redevelopment projects, capitalizing on its high-traffic location and existing infrastructure. Drone footage is available for viewing online. Asking price is $599,000.

• CAP approach

  CAP return

  Valuation

  6%

  $596,196

  6.5%

  $550,335

  7%

  $511,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $435,690

  Geo Method

  $435,690

• Alternative Use

  Use

  Valuation

  Residential

  $464,228

  Hospitality

  $425,230

  Educational

  $353,787

  Medical

  $365,954

  Retail

  $550,335

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

35.0151

Longitude

-81.8975

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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