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275 E Henry St 1,450 SF Office Building Spartanburg, SC 29306 $365,000 ($251.72/SF) 1.92% Cap Rate
Investment Highlights
- Immediate Income-Producing Asset
- Prime Spartanburg Growth Location
- Owner-Occupant or Additional Rental Opportunity
Executive Summary
Unique mixed-use investment and owner-user opportunity in Spartanburg's growing commercial corridor. The property features approximately 1,450± SF with an income-producing first-floor tenant currently in place and approximately 575± SF of vacant upper-level space ready for occupancy or lease-up. Existing tenant provides immediate income while the vacant second floor creates additional revenue potential or an ideal space for an owner-occupant business.
Excellent fit for professional office, wellness, therapy, consulting, insurance, real estate, accounting, or creative service users. Existing lease transfers with sale. Buyer to verify square footage and zoning suitability for intended use.
Investment Highlights:
Asking Price: $365,000
Building Size: ±1,450 SF
Leased First Floor: ±874 SF
Vacant Second Floor: ±575 SF
Existing Tenant in Place
Lease Transfers with Sale
Immediate Cash Flow
Owner-Occupant Opportunity
Additional Income Potential Upstairs
Downtown Spartanburg Proximity
Off-Street Parking
Mixed-Use Flexibility
Property is stand alone with opportunity to create a mixed tenant space (3-4 w/ flex space) or Owner Occupy option.
Future lease per sqft is currently below average.
Contact agent for NDA to see existing lease/contract.
Excellent fit for professional office, wellness, therapy, consulting, insurance, real estate, accounting, or creative service users. Existing lease transfers with sale. Buyer to verify square footage and zoning suitability for intended use.
Investment Highlights:
Asking Price: $365,000
Building Size: ±1,450 SF
Leased First Floor: ±874 SF
Vacant Second Floor: ±575 SF
Existing Tenant in Place
Lease Transfers with Sale
Immediate Cash Flow
Owner-Occupant Opportunity
Additional Income Potential Upstairs
Downtown Spartanburg Proximity
Off-Street Parking
Mixed-Use Flexibility
Property is stand alone with opportunity to create a mixed tenant space (3-4 w/ flex space) or Owner Occupy option.
Future lease per sqft is currently below average.
Contact agent for NDA to see existing lease/contract.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,450 SF
Building Class
C
Year Built
1991
Price
$365,000
Price Per SF
$251.72
Cap Rate
1.92%
NOI
$7,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
800 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
0.22 AC
Zoning
LOD - Zoned LOD - Limited Office District
Parking
12 Spaces (8.28 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 7-12-15-267.00 | Improvements Assessment | $7,914 |
| Land Assessment | $3,486 | Total Assessment | $11,400 |
Property Taxes
Parcel Number
7-12-15-267.00
Land Assessment
$3,486
Improvements Assessment
$7,914
Total Assessment
$11,400
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275 E Henry St