115 Southport RdSpartanburg, SC 29306

Property Details for 115 Southport Rd

Year built

2006

Construction

BRICK

Lot size

0.19 AC

Property size (Sq ft)

1,970 SF

Property type

Office buildings

APN

6-2500-41400

APU

6250041400

Description

This exceptional 1,950-square-foot executive office suite is ideally situated at 115 Southport Road in Spartanburg, South Carolina, within an established professional office park. The single-tenant space (Suite D) boasts high visibility on Southport Road and offers ample onsite parking. The layout includes a welcoming reception/waiting area, four private offices, a dedicated conference room, a convenient kitchenette, and a spacious, versatile open area on the second floor. This well-appointed space is perfect for a variety of professional businesses seeking a prestigious and functional workspace. The lease rate is $12 per square foot, NNN. The property's Spartanburg County tax map number is 6-25-00-413.00. The building's total square footage is 1,950 square feet, with the entire space currently vacant and ready for immediate occupancy. This presents a unique opportunity to establish a thriving business in a highly visible and convenient location within Spartanburg County. The property is categorized as an office building with an executive office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $380,469

  6.5%

  $351,202

  7%

  $326,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $162,190

  Geo Method

  $162,190

• Alternative Use

  Use

  Valuation

  Residential

  $435,490

  Hospitality

  $398,907

  Educational

  $331,886

  Medical

  $343,300

  Retail

  $516,267

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9204

Longitude

-81.9688

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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