Historical Retail Sale Listing - Beaumont Plaza

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Beaumont Plaza

630 Chesnee Highway, Spartanburg, SC 29303

N/A

60,030 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
60,030 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
10%
Occupancy:
84%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1991
Lot Size:
8.68 SF
Listing ID
15944321
Last Updated
over 1 year ago

Highlights

  • High traffic volume 23,000 Cars/Day
  • Excellent upside potential through leasing existing vacancy
  • Free standing building currently leased to Duke Power (dark) can be reconfigured into small shop space
  • 1/2 acre site adjacent to Advance America can be utilized for future development or sale.

Description

CB Richard Ellis' Retail Investment Group, as the exclusive agent for the sale of Beaumont Plaza, is pleased to submit this value-add shopping center investment opportunity for your consideration. Beaumont Plaza is a 60,030 square foot neighborhood shopping center anchored by a 33,000 square foot Food$mart grocery owned by Bi-Lo and a 6,600 square foot Family Dollar.

Beaumont Plaza is located on the north side of Spartanburg at the intersection of US Hwy 221 (Chesnee Hwy.) and Beaumont Avenue. Hwy 221 is a primary commuting route linking I-85 to downtown Spartanburg. Beaumont Avenue is a convenient route to access the medical related businesses associated with Spartanburg Regional Medical Center as well as Converse College and East Main Street. Beaumont Plaza is located on the going home side of Hwy 221 and is a convenient alternative for customers in the immediate area as well as those living further north toward I-85.

Map of 630 Chesnee Highway, Spartanburg, SC 29303 (Spartanburg County)

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Created 10/15/2008