901 Pine StSpartanburg, SC 29302

  • Office properties
  • 6,872 SF
For Sale
$655,000 View listing

Property Details for 901 Pine St

Year built
1977
Construction
BRICK
Lot size
0.71 AC
Property size (Sq ft)
6,872 SF
Property type
Office properties
Property subtype
Office buildings
APN
7-1701-07101
APU
7170107101

Description

This exceptional executive office building, located at 901 S Pine St in Spartanburg, South Carolina, presents a unique investment opportunity. The property boasts 6,872 square feet of well-appointed office space spread across two levels, encompassing a main floor and a lower level. The layout includes a welcoming lobby, numerous private offices to accommodate various team sizes, a versatile multi-purpose room, a formal conference room perfect for client meetings, a convenient breakroom, and four restrooms. The building sits on a sizable 0.712-acre lot, providing ample space and potential for future expansion. Parking is readily available with 23 designated spaces. The property is zoned for Limited Office District (LOD), ensuring its suitability for a range of professional uses. Its convenient location offers easy access to downtown Spartanburg, making it an attractive option for businesses seeking a central location. The Spartanburg County Tax Map number is 7-17-01-07-071.01. This turnkey office building is offered at an asking price of $655,000 and represents a compelling opportunity for investors and businesses alike. The property's combination of size, amenities, and location makes it an ideal choice for a variety of professional enterprises.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,327,198
    6.5%
    $1,225,106
    7%
    $1,137,598
  • Comparable approach

    Method
    Valuation
    Relative Method
    $565,772
    Geo Method
    $565,772
  • Alternative Use

    Use
    Valuation
    Residential
    $1,519,131
    Hospitality
    $1,391,516
    Educational
    $1,157,725
    Medical
    $1,197,541
    Retail
    $1,800,906
901 Pine St, Spartanburg, South Carolina

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.939
Longitude
-81.9033
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
$390
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-
-
-
-
-
-

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