1110 Simuel RdSpartanburg, SC 29301
- Retail properties
- 1,827 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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