300 Union StSpartanburg, SC 29306

Property Details for 300 Union St

Year built

1945

Construction

CONCRETE BLOCKS

Lot size

1.07 AC

Property size (Sq ft)

7,480 SF

Property type

Retail space

APN

7-1215-26800

APU

7121526800

Description

This exceptional 7,480 square foot retail property, situated at 300 Union Street in the heart of Spartanburg, South Carolina, presents a unique investment opportunity. Built in 1945, this Class B building boasts a convenient location at the corner of Union and East Henry Streets, offering unparalleled visibility and accessibility. The property sits on a 0.61-acre lot and features a single building with 49 total parking spaces, ensuring ample convenience for both tenants and their customers. Currently, there are two available spaces ranging from 1,587 to 3,213 square feet, ideal for a variety of retail or office uses. The property is zoned commercial and is conveniently located near the Mary Black Rail Trail, enhancing foot traffic and visibility. The building does not include elevators. This is a multi-tenant property in Spartanburg County, SC, zip code 29306. The lease rate is $15 NNN. Don't miss this chance to establish your business in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,123,594

  6.5%

  $1,960,241

  7%

  $1,820,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,551,888

  Geo Method

  $1,551,888

• Alternative Use

  Use

  Valuation

  Residential

  $1,653,536

  Hospitality

  $1,514,630

  Educational

  $1,260,155

  Medical

  $1,303,493

  Retail

  $1,960,241

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9471

Longitude

-81.9225

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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