2932 Reidville RdSpartanburg, SC 29301

  • Retail properties
  • 10,452 SF
For Lease

Property Details for 2932 Reidville Rd

Year built
2007
Construction
METAL FRAME
Lot size
1.40 AC
Property size (Sq ft)
10,452 SF
Property type
Retail properties
Property subtype
Community centers
APN
6-2400-02000
APU
6240002000

Description

This exceptional 10,452 square foot commercial property located at 2932 Reidville Road in West Spartanburg, South Carolina, presents a prime opportunity for businesses seeking versatile space. Built in 2007, the building features a traditional office layout suitable for a variety of uses, including retail, office, or service-oriented businesses. The property boasts three available suites, each measuring 1,500 square feet, offering ample space for individual tenants or potential consolidation. A total of 4,500 square feet is currently vacant. The building sits on a 1.39-acre lot, providing ample parking for tenants and customers. The property benefits from excellent visibility and accessibility on Reidville Road, a key thoroughfare in the West Spartanburg submarket. Utilities include power. This location offers a chance to establish or expand a business in a thriving area, with the potential for high foot traffic and strong brand visibility. The spacious interior features natural light, creating a welcoming and productive work environment. Modern amenities are included, making this a move-in ready opportunity. The zip code is 29301.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,967,354
    6.5%
    $2,739,096
    7%
    $2,543,446
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,168,493
    Geo Method
    $2,168,493
  • Alternative Use

    Use
    Valuation
    Residential
    $2,310,530
    Hospitality
    $2,116,433
    Educational
    $1,760,847
    Medical
    $1,821,405
    Retail
    $2,739,096
2932 Reidville Rd, Spartanburg, South Carolina

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.9161
Longitude
-82.0076
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
$14,459
$18,036
$23,706
$41,742
-
$300,600
$395,100
$695,700

FAQs

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