2300 Main StSpartanburg, SC 29307

  • Retail space
  • 119,443 SF
For Sale
$850,000 View listing

Property Details for 2300 Main St

Year built
2005
Lot size
13.64 AC
Property size (Sq ft)
119,443 SF
Property type
Retail space
APN
7-0900-01307
APU
7090001307

Description

Exceptional retail development opportunity awaits on the thriving East Side of Spartanburg, South Carolina. This offering comprises multiple parcels, ranging from one to 4.5 acres, ideally situated for maximum visibility and accessibility along East Main Street. Each parcel presents a unique chance to establish a significant retail presence in a high-traffic area, catering to a diverse range of businesses. The land is available for purchase and development, ground lease, or build-to-suit arrangements. These parcels are zoned for QSR/Fast Food, Restaurant, and Shopping Center uses, providing flexibility for various retail and dining concepts. The fee simple ownership offers complete control and long-term investment potential. The property's location at 2300 E Main St, Spartanburg, SC 29307, ensures convenient access for customers and employees. Specific parcel sizes and pricing vary

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $33,910,220
    6.5%
    $31,301,740
    7%
    $29,065,902
  • Comparable approach

    Method
    Valuation
    Relative Method
    $24,781,030
    Geo Method
    $24,781,030
  • Alternative Use

    Use
    Valuation
    Residential
    $26,404,190
    Hospitality
    $24,186,096
    Educational
    $20,122,548
    Medical
    $20,814,592
    Retail
    $31,301,740

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.98
Longitude
-81.8746
CBSA code
43900
CBSA name
SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$264,839
$219,978
$323,994
$543,972
-
$3,666,300
$5,399,900
$9,066,200

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