2161 Main StSpartanburg, SC 29307

Property Details for 2161 Main St

Year built

2003

Construction

BRICK

Lot size

1.12 AC

Property size (Sq ft)

2,972 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

7-0900-01811

APU

7090001811

Description

This exceptional single-tenant retail property, located at 2161 E Main St in Spartanburg, South Carolina, presents a unique investment opportunity. Built in 2003, this 62 sq. ft. building is situated on a prominent corner lot offering unparalleled visibility and accessibility. The property boasts approximately 180 feet of frontage along E. Main St., a major thoroughfare with over 26,100 vehicles passing daily, ensuring high traffic exposure. Its strategic location is further enhanced by its position as a direct outparcel to a Walmart and across from the recently constructed, approximately $138 million Spartanburg High School, guaranteeing a consistent flow of potential customers. The property is zoned RC and includes 44 parking spaces, providing ample convenience for patrons. The single-story building offers a functional layout ideal for a quick-service restaurant (QSR) or similar retail use. This is a second-generation QSR space, ready for immediate occupancy. The property's location in Spartanburg County, SC, zip code 29307, offers a thriving market with significant growth potential. This is an exceptional opportunity for businesses seeking a high-profile location with excellent visibility and accessibility in a dynamic and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $843,760

  6.5%

  $778,855

  7%

  $723,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $616,606

  Geo Method

  $616,606

• Alternative Use

  Use

  Valuation

  Residential

  $656,993

  Hospitality

  $601,802

  Educational

  $500,692

  Medical

  $517,912

  Retail

  $778,855

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9753

Longitude

-81.8781

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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