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Lyman Shopping Center 200 Spartanburg Hwy 32,000 SF 100% Leased Retail Building Lyman, SC 29365 $3,300,000 ($103.13/SF)



EXECUTIVE SUMMARY
Reedy Commercial is pleased to present a stabilized multi-tenant retail center investment opportunity in the growing market of Lyman, SC. The Lyman Center benefits from being positioned on 5 acres located on the main thoroughfare of Lyman’s retail corridor. The mix of national and long term, local tenants make this property ideal for any investor. The seller has transformed the property by adding a new roof in 2023, converting 10,000 sqft into a Dollar Tree, and bringing a new gym franchise to the 16,000 sqft vacancy to draw even more foot traffic to this bustling center. With NNN leases and rents at market rates, this is an ideal purchase for a buyer that is looking for a 1031 exchange or a stabilized investment without the hassle of capital improvements needed at purchase.
Location Description:
Lyman, South Carolina, offers a compelling growth story in the heart of the Upstate region, just a short drive from Greenville-Spartanburg and key transport corridors. With its history rooted in industry and a current identity as a rising suburban node, Lyman appeals to investors looking for markets with both character and forward momentum. The town’s proximity to major highways and its access to broader regional infrastructure make it a practical choice for commercial development, distribution, or flexible use assets.
From an investment perspective, Lyman represents opportunity at the intersection of affordability and expansion. As its residential base increases, commercial demand follows; be it retail, service, or mixed-use. Local leadership supports growth initiatives, and the town strikes a balance between suburban calm and accessibility to larger metros. For a commercial investor seeking a secondary market with upside, Lyman presents a strategic alternative to more congested metro zones.
Location Description:
Lyman, South Carolina, offers a compelling growth story in the heart of the Upstate region, just a short drive from Greenville-Spartanburg and key transport corridors. With its history rooted in industry and a current identity as a rising suburban node, Lyman appeals to investors looking for markets with both character and forward momentum. The town’s proximity to major highways and its access to broader regional infrastructure make it a practical choice for commercial development, distribution, or flexible use assets.
From an investment perspective, Lyman represents opportunity at the intersection of affordability and expansion. As its residential base increases, commercial demand follows; be it retail, service, or mixed-use. Local leadership supports growth initiatives, and the town strikes a balance between suburban calm and accessibility to larger metros. For a commercial investor seeking a secondary market with upside, Lyman presents a strategic alternative to more congested metro zones.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
32,000 SF
Building Class
B
Year Built/Renovated
1973/2023
Price
$3,300,000
Price Per SF
$103.13
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
4.99 AC
Zoning
GBD1 - General Business District 1
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Fitness Time Gym
- Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Fitness Time Gym | Services | - | - | Lorem Ipsum | Jan 0000 | |
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5-15-07-120.01 | Improvements Assessment | $39,672 |
| Land Assessment | $41,328 | Total Assessment | $81,000 |
PROPERTY TAXES
Parcel Number
5-15-07-120.01
Land Assessment
$41,328
Improvements Assessment
$39,672
Total Assessment
$81,000
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Lyman Shopping Center | 200 Spartanburg Hwy
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