117 Church StCowpens, SC 29330

Property Details for 117 Church St

Year built

1970

Construction

CONCRETE BLOCKS

Lot size

0.15 AC

Property size (Sq ft)

272 SF

Property type

Retail properties

Property subtype

Retail space

APN

3-1011-08000

APU

3101108000

Description

This exceptional 5,120 square foot industrial property, located at 117 E Church Street in the historic town of Cowpens, South Carolina, presents a compelling redevelopment opportunity. Situated on a 0.15-acre corner lot, this property enjoys high visibility and convenient access, boasting an estimated daily traffic count of 24,000 vehicles. The site is uniquely positioned adjacent to the Cowpens Town Hall, offering significant potential for synergy and community engagement. The existing structure includes a 5,120 square foot warehouse and a 30x30 foot metal storage building. This presents a chance to leverage Abandoned Building Tax Credits, making this a financially attractive proposition. The property's prime location in Spartanburg County, South Carolina, zip code 29330, offers excellent connectivity and access to regional transportation networks. This is an ideal investment for developers seeking a high-traffic location with potential for significant return. The asking price is $105,000. This unique property offers a rare chance to revitalize a key location within the Cowpens community. The high traffic count and proximity to the Town Hall make this an exceptional opportunity for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $77,222

  6.5%

  $71,281

  7%

  $66,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,432

  Geo Method

  $56,432

• Alternative Use

  Use

  Valuation

  Residential

  $60,129

  Hospitality

  $55,077

  Educational

  $45,824

  Medical

  $47,400

  Retail

  $71,281

Location Insight

City

Cowpens

County

Spartanburg

State

South Carolina

Latitude

35.0169

Longitude

-81.8034

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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