1650 Skylyn DrSpartanburg, SC 29307

Property Details for 1650 Skylyn Dr

Year built

2006

Lot size

1.26 AC

Property size (Sq ft)

112,735 SF

Property type

Medical offices

Property subtype

Medical centers

APN

7-0900-00151

APU

7090000151

Description

This exceptional Class A medical office building, the Hugh R. Black Pavilion, offers 108,878 square feet of prime space in Spartanburg, South Carolina. Located at 1650 Skylyn Dr, 29307, this multi-tenant property boasts a coveted location within the heart of the Spartanburg Regional Hospital System's Mary Black campus. The building features two high-speed elevators capable of accommodating hospital beds, and a stunning lobby with marble floors. On-site amenities include 300 parking spaces and a first-floor fitness center complete with a pool and smoothie bar. Suites range from 3,441 to 7,039 contiguous square feet, with 11,954 square feet currently vacant. The property is zoned CO and sits on an immaculately landscaped campus with water features and convenient access to the Drayton Mills Trail. Its strategic location offers proximity to the new Drayton Mills mixed-use development, Spartanburg Day School, and Houston Elementary School. This is a unique opportunity to secure medical office space in a thriving, established healthcare hub within Spartanburg County. The building's impressive features and prime location make it an ideal setting for medical practices seeking a prestigious and convenient address.

• CAP approach

  CAP return

  Valuation

  6%

  $21,772,652

  6.5%

  $20,097,832

  7%

  $18,662,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,281,473

  Geo Method

  $9,281,473

• Alternative Use

  Use

  Valuation

  Residential

  $24,921,312

  Hospitality

  $22,827,788

  Educational

  $18,992,452

  Medical

  $19,645,630

  Retail

  $29,543,814

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9778

Longitude

-81.8989

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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