128 Magnolia StSpartanburg, SC 29306

Property Details for 128 Magnolia St

Year built

1900

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

6,644 SF

Property type

Office properties

Property subtype

Office buildings

APN

7-1220-00400

APU

7122000400

Description

This exceptional 2,000 square foot single-tenant property is ideally situated on Magnolia Street in the heart of downtown Spartanburg, South Carolina, zip code 29306. Its prime location offers unparalleled visibility and accessibility, boasting dual street frontage. The property is categorized as both retail and office space, providing versatility for a variety of business types. Its proximity to Morgan Square ensures a vibrant and bustling environment, surrounded by numerous shopping, dining, and residential options. Adding to its appeal is its close proximity – just 0.3 miles – to the new baseball stadium. A tenant improvement allowance is available, allowing for customization to perfectly suit the needs of the new occupant. This presents a unique opportunity to establish a strong presence in this thriving downtown area, offering a blend of convenience, visibility, and adaptability for a successful business venture. The property is a traditional office space, perfect for a business seeking a high-traffic location in a dynamic and growing urban center.

• CAP approach

  CAP return

  Valuation

  6%

  $1,283,164

  6.5%

  $1,184,459

  7%

  $1,099,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $547,000

  Geo Method

  $547,000

• Alternative Use

  Use

  Valuation

  Residential

  $1,468,729

  Hospitality

  $1,345,348

  Educational

  $1,119,314

  Medical

  $1,157,809

  Retail

  $1,741,155

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.95

Longitude

-81.9338

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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