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207 Cedar Springs Rd 3,500 SF Retail Building Spartanburg, SC 29302 $2,000,000 ($571.43/SF) 11.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Spartanburg's Premier Upscale Liquor and Party Supply Non Franchise Businesses with Real Estate
- Turn-Key Prominent Location with Well Established Solid Loyal Customer Base
- Spartanburg's Highest Rated Liquor Store
- 2022 Gross Revenue $2,180,051 with NOI of $230,000 plus 10% Plus Cap Rate
- Impressive Collection of High Margin Very Rare to Find Spirits and Cigar Collections
- 3500 Sq Ft Concrete Building with 1.24 Acres of Land with 40 Plus Paved Parking for Future Development
EXECUTIVE SUMMARY
* Location ! Location ! Location * High Visibility Corner with Excellent Signage * Lucrative Investment in Flourishing Spirit Market
* Spartanburg's Premier Upscale Liquor and connected Party Store Non Franchise Businesses with Real Estate
* Area is Fast Growing with Lots of New Apartments and Condos Going Up Large Growth in Population
* Turn-Key prominent location with very well established solid loyal customer base
* 3500 Sq Ft Building with 1.24 Acres of Land with Lots of Paved Parking for future development and Easy to Get in and Out Access
* Impressive Collection of High Margin Very Rare Hard to Find Spirits and Cigars Specialize Inventory
* New Security System , Cameras , Walk In Cooler , Beer Cave, Wall Shelving Gondolas, Displays Fancy Vine Wine Racks Included
* Estimated $1,000,000 Inventory NOT INCLUDED
* Spartanburg's Premier Upscale Liquor and connected Party Store Non Franchise Businesses with Real Estate
* Area is Fast Growing with Lots of New Apartments and Condos Going Up Large Growth in Population
* Turn-Key prominent location with very well established solid loyal customer base
* 3500 Sq Ft Building with 1.24 Acres of Land with Lots of Paved Parking for future development and Easy to Get in and Out Access
* Impressive Collection of High Margin Very Rare Hard to Find Spirits and Cigars Specialize Inventory
* New Security System , Cameras , Walk In Cooler , Beer Cave, Wall Shelving Gondolas, Displays Fancy Vine Wine Racks Included
* Estimated $1,000,000 Inventory NOT INCLUDED
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$2,180,051
|
$622.87
|
| Other Income |
$29,930
|
$8.55
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,209,981
|
$631.42
|
| Taxes |
$18,058
|
$5.16
|
| Operating Expenses |
$1,961,923
|
$560.55
|
| Total Expenses |
$1,979,981
|
$565.71
|
| Net Operating Income |
$230,000
|
$65.71
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $2,180,051 |
| Annual Per SF | $622.87 |
| Other Income | |
|---|---|
| Annual | $29,930 |
| Annual Per SF | $8.55 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,209,981 |
| Annual Per SF | $631.42 |
| Taxes | |
|---|---|
| Annual | $18,058 |
| Annual Per SF | $5.16 |
| Operating Expenses | |
|---|---|
| Annual | $1,961,923 |
| Annual Per SF | $560.55 |
| Total Expenses | |
|---|---|
| Annual | $1,979,981 |
| Annual Per SF | $565.71 |
| Net Operating Income | |
|---|---|
| Annual | $230,000 |
| Annual Per SF | $65.71 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Building Class
C
Year Built
1987
Price
$2,000,000
Price Per SF
$571.43
Cap Rate
11.50%
NOI
$230,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.24 AC
Zoning
6RGC - 6RGC
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
82’ on Cedar Springs Rd
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7-21-03-001.00 | Total Assessment | $19,314 (2025) |
| Land Assessment | $12,600 (2025) | Annual Taxes | $18,058 ($5.16/SF) |
| Improvements Assessment | $6,714 (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
7-21-03-001.00
Land Assessment
$12,600 (2025)
Improvements Assessment
$6,714 (2025)
Total Assessment
$19,314 (2025)
Annual Taxes
$18,058 ($5.16/SF)
Tax Year
2022
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207 Cedar Springs Rd
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