125 Venture BlvdSpartanburg, SC 29306

Property Details for 125 Venture Blvd

Year built

1996

Construction

BRICK

Lot size

3.03 AC

Property size (Sq ft)

10,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

6-2500-17104

APU

6250017104

Description

This exceptional commercial property, located at 125 Venture in Spartanburg, South Carolina, presents a significant investment opportunity. The main building boasts over 10,000 square feet of versatile office space, ideally suited for a growing business or multiple tenants. The layout is highly adaptable, allowing for a single large office or division into two separate units. The interior features 17 individual offices, six bathrooms, multiple conference rooms, and two kitchens, ensuring ample space for staff and clients. Storage rooms provide additional functionality. Beyond the main building, a detached structure adds over 2,400 square feet of space, including oversized three-car garages. This outbuilding is plumbed for a bathroom, offering further expansion potential. The entire property sits on a generous 2.76-acre lot, providing ample parking and room for future development. Significant upgrades enhance the property's value, including five HVAC units, gas heat in the detached building, high-speed fiber optic cable, and a recently updated roof. This turnkey property is priced at $1,295,000 and offers a rare combination of size, functionality, and location. The property's features and expansive acreage make it an attractive option for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,931,312

  6.5%

  $1,782,750

  7%

  $1,655,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $823,300

  Geo Method

  $823,300

• Alternative Use

  Use

  Valuation

  Residential

  $2,210,610

  Hospitality

  $2,024,907

  Educational

  $1,684,699

  Medical

  $1,742,638

  Retail

  $2,620,642

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9161

Longitude

-81.9618

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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