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860 W Main St 4,224 SF 100% Leased Flex Building Spartanburg, SC 29301 $749,999 ($177.56/SF) 8.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased 4,224 SF flex building offering a strong 10.68% cap rate and stable annual NOI of $64,000–$67,000.
- Features 5 bays with roll-up doors, 7 dock-high loading areas, 2 offices, and 3 restrooms, providing versatile space for various businesses.
- Prime location in Spartanburg’s high-traffic industrial area, just minutes from downtown, shopping, and hotels.
- Recent upgrades include a brand-new roof and a fenced 1-acre lot, ensuring security and privacy for tenants and owners.
EXECUTIVE SUMMARY
860 W Main Street is a fully leased, 4,224 square foot investment opportunity. This light distribution property offers a stable annualized return with strong cash flow. Situated on a 1-acre fenced lot, the property features 5 bays with roll-up doors, 7 dock-high loading areas, 2 offices, and 3 restrooms—ideal for light industrial, distribution, or service-based tenants. Recent upgrades include a brand-new roof, and the site provides ample parking with a high 17.76/1,000 SF ratio. Conveniently located in a high-traffic industrial corridor just minutes from downtown Spartanburg, shopping centers, and hotels, this property sits in an Opportunity Zone and is zoned CI (Commercial Industrial), offering long-term value for investors or potential owner-users.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$73,200
|
$17.33
|
| Other Income |
$8,100
|
$1.92
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,300
|
$19.25
|
| Taxes |
$5,883
|
$1.39
|
| Operating Expenses |
$8,710
|
$2.06
|
| Total Expenses |
$14,593
|
$3.45
|
| Net Operating Income |
$66,707
|
$15.79
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $73,200 |
| Annual Per SF | $17.33 |
| Other Income | |
|---|---|
| Annual | $8,100 |
| Annual Per SF | $1.92 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,300 |
| Annual Per SF | $19.25 |
| Taxes | |
|---|---|
| Annual | $5,883 |
| Annual Per SF | $1.39 |
| Operating Expenses | |
|---|---|
| Annual | $8,710 |
| Annual Per SF | $2.06 |
| Total Expenses | |
|---|---|
| Annual | $14,593 |
| Annual Per SF | $3.45 |
| Net Operating Income | |
|---|---|
| Annual | $66,707 |
| Annual Per SF | $15.79 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Front Loading
- Security System
- Storage Space
- Smoke Detector
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Charlotte
872,498
72
1 h 34 m
Nashville
669,053
353
6 h 46 m
Jacksonville
903,889
375
6 h 54 m
Columbus
892,533
466
9 h 25 m
Washington
702,455
469
9 h 8 m
Indianapolis
867,125
512
10 h 2 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
207,937
Total Labor Force
113,324
Unemployment Rate
3.36%
Median Household Income
$58,371
Warehouse Employees
29,360
High School Education Or Higher
88.50%
PROPERTY TAXES
| Parcel Number | 7-11-16-008.00 | Total Assessment | $12,000 (2025) |
| Land Assessment | $5,136 (2025) | Annual Taxes | $5,883 ($1.39/SF) |
| Improvements Assessment | $6,864 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7-11-16-008.00
Land Assessment
$5,136 (2025)
Improvements Assessment
$6,864 (2025)
Total Assessment
$12,000 (2025)
Annual Taxes
$5,883 ($1.39/SF)
Tax Year
2024
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Presented by
Carolina Invest, LLC
860 W Main St
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