280 Whitney RdSpartanburg, SC 29303

Property Details for 280 Whitney Rd

Year built

1966

Construction

BRICK

Lot size

1.04 AC

Property size (Sq ft)

2,154 SF

Property type

Retail properties

Property subtype

Bars

APN

7-0809-10600

APU

7080910600

Description

This exceptional turnkey restaurant and sports bar opportunity is located at 280 Whitney Road in Spartanburg, South Carolina. The property boasts a full kitchen equipped with a walk-in freezer and ice machine, ensuring efficient food preparation and storage. A fully functional bar area, complete with pool tables, provides ample entertainment options for patrons. The outdoor patio and bar area offer additional seating and a vibrant atmosphere, ideal for warmer weather. A private office with its own restroom provides a dedicated space for management or administrative tasks. The property sits on a 1.03-acre lot, offering potential for expansion or outdoor improvements. Its prime location, just one block from the Spartanburg Medical Center, guarantees high visibility and foot traffic, making it an attractive investment for a seasoned restaurateur or a new business venture. The asking price for this established business is $459,000. The square footage is not currently available. This is a rare opportunity to acquire a well-equipped and strategically located commercial property in a thriving area of Spartanburg. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $611,527

  6.5%

  $564,486

  7%

  $524,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,894

  Geo Method

  $446,894

• Alternative Use

  Use

  Valuation

  Residential

  $476,165

  Hospitality

  $436,165

  Educational

  $362,884

  Medical

  $375,364

  Retail

  $564,486

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

34.9727

Longitude

-81.94

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].