1110 Simuel RdSpartanburg, SC 29301

Property Details for 1110 Simuel Rd

Year built

1966

Construction

METAL FRAME

Lot size

0.62 AC

Property size (Sq ft)

1,827 SF

Property type

Grocery and convenience stores

APN

6-1200-06801

APU

6120006801

Description

This exceptional 10,000 square foot Class A retail property, located at 1110 Simuel Road in Spartanburg, South Carolina, presents a unique investment opportunity. The single-tenant building, renovated in 2023, features a 1,500 square foot end cap space with a drive-thru, ideally suited for a quick-service restaurant (QSR). Situated on 0.61 acres of land, the property boasts 24 parking spaces and benefits from its strategic location at the intersection of I-26 and I-85, offering unparalleled visibility and high traffic volume. The property is zoned commercial and is part of a bustling development including a new upscale C-Store with 16 fueling stations, a Cracker Barrel, and a soon-to-open 200-room Four Points by Sheraton hotel. This ensures consistent foot traffic and exposure to a diverse customer base, further enhanced by the proximity of Spartanburg Community College with approximately 6,000 students. The property's single-story design and easy access from Business 85 contribute to its exceptional convenience and accessibility. This is a rare opportunity to secure a prime retail space in a high-growth area of Spartanburg County (zip code 29301). The property has no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $518,691

  6.5%

  $478,791

  7%

  $444,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,051

  Geo Method

  $379,051

• Alternative Use

  Use

  Valuation

  Residential

  $403,878

  Hospitality

  $369,950

  Educational

  $307,794

  Medical

  $318,380

  Retail

  $478,791

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9689

Longitude

-81.9999

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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