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145 N Church St
Spartanburg, SC 29306
Spartanburg BTC · Office Property For Sale
Investment Highlights
- ±110,661 SF total (±60,017 SF five-story office building and ±50,644 SF annex building)
- Mark-to-Market Opportunity: in-place rents below market, potential immediate rent growth
- Strategic Location: ±1 mile to I-585, ±4 miles to I-26, ±6.2 miles to I-85
- 78% leased | WALT 1.69 years as of 3/31/26
- Downtown Spartanburg: situated in the center of Downtown Spartanburg
Executive Summary
Reduced Sale Price
The Spartanburg Business Technology Center is located at 145 N Church Street in Spartanburg, South Carolina. This five-story office building and annex spans approximately 110,661 SF and is situated on a ±1.88-acre lot. The building is 78% leased with a weighted average lease term of 1.69 years as of 3/31/2026. It is strategically positioned in downtown Spartanburg, close to Interstates 26, 85 and 585, making it an ideal location for businesses that require easy commuting access.
This is an excellent investment opportunity to acquire a well-positioned office building at well below replacement cost with an attractive going-in yield and value-add upside.
Location
Downtown Spartanburg is undergoing a remarkable transformation, driven by over $800 million in public and private investment. Key developments such as Fifth Third Park, Project Core, the new County/City Government Center and the redevelopment of Morgan Square have turned downtown into a vibrant destination for residents, businesses and visitors alike. With a growing residential population, strong demand for office space, an array of dining and entertainment options, improved trail connectivity and a pipeline of innovative mixed-use projects, Downtown Spartanburg is establishing itself as one of the Southeast’s most exciting emerging urban centers.
The Spartanburg Business Technology Center is located at 145 N Church Street in Spartanburg, South Carolina. This five-story office building and annex spans approximately 110,661 SF and is situated on a ±1.88-acre lot. The building is 78% leased with a weighted average lease term of 1.69 years as of 3/31/2026. It is strategically positioned in downtown Spartanburg, close to Interstates 26, 85 and 585, making it an ideal location for businesses that require easy commuting access.
This is an excellent investment opportunity to acquire a well-positioned office building at well below replacement cost with an attractive going-in yield and value-add upside.
Location
Downtown Spartanburg is undergoing a remarkable transformation, driven by over $800 million in public and private investment. Key developments such as Fifth Third Park, Project Core, the new County/City Government Center and the redevelopment of Morgan Square have turned downtown into a vibrant destination for residents, businesses and visitors alike. With a growing residential population, strong demand for office space, an array of dining and entertainment options, improved trail connectivity and a pipeline of innovative mixed-use projects, Downtown Spartanburg is establishing itself as one of the Southeast’s most exciting emerging urban centers.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
116,161 SF
Building Class
B
Year Built
1985
Price
$7,500,000
Price Per SF
$64.57
Percent Leased
78%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
23,232 SF
Slab To Slab
11’
Building FAR
1.42
Lot Size
1.88 AC
Amenities
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Security System
- Signage
Property Taxes
| Parcel Number | 7-12-18-009.00 | Improvements Assessment | $171,175 |
| Land Assessment | $26,475 | Total Assessment | $197,650 |
Property Taxes
Parcel Number
7-12-18-009.00
Land Assessment
$26,475
Improvements Assessment
$171,175
Total Assessment
$197,650
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