1392 Main StDuncan, SC 29334

Property Details for 1392 Main St

Year built

1988

Construction

BRICK

Lot size

1.55 AC

Property size (Sq ft)

4,795 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

5-2504-04502

APU

5250404502

Description

Exceptional redevelopment opportunity in Duncan, South Carolina. This 1.5-acre parcel boasts a newly constructed 4000 square foot building situated on the heavily trafficked East Main Street (Highway 290). The property is zoned for a variety of uses, including auto shop, convenience store, and pharmacy/drug store. The building is a single-story structure on a single lot, offering significant potential for a variety of retail ventures. The seller is open to exploring joint venture partnerships for the right opportunity. Please note that any aerial photos available may depict the site prior to the demolition of the previous structure and construction of the current building. The property's address is 1392 E Main St, Duncan, SC 29334, located in Spartanburg County. The parcel number is 5-25-04-045.00. The asking price for this prime retail investment is $1,600,000. This is a unique chance to acquire a recently renovated property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,361,315

  6.5%

  $1,256,598

  7%

  $1,166,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $994,826

  Geo Method

  $994,826

• Alternative Use

  Use

  Valuation

  Residential

  $1,059,988

  Hospitality

  $970,943

  Educational

  $807,813

  Medical

  $835,595

  Retail

  $1,256,598

Location Insight

City

Duncan

County

Spartanburg

State

South Carolina

Latitude

34.916

Longitude

-82.1109

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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