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98 Southport Rd
Spartanburg, SC 29306
Retail Property For Sale
Investment Highlights
- Freestanding ±1,600 SF restaurant property situated on ±0.44 acres.
- HVAC updated in 2022 (5-ton gas pack) with secondary unit installed in 2016.
- Zoned B-1, allowing flexibility for retail or restaurant uses within the City of Spartanburg.
- Onsite parking available for customers and staff.
- New 60-mil TPO roof completed in July 2021 for long-term performance.
- Offered for sale at $650,000 or for lease at $23.00 NNN.
Executive Summary
This ±1,600 SF freestanding restaurant property is now available for purchase in Spartanburg, SC. Situated on ±0.44 acres, the asset offers excellent accessibility and visibility along a well-trafficked corridor. The building features onsite parking, a functional kitchen layout, and updated mechanical systems, including a new 5-ton gas pack HVAC unit installed in 2022 and another unit from 2016. The property recently received a 60-mil TPO roof upgrade in July 2021, ensuring long-term durability and reduced maintenance costs. Zoned B-1 under the City of Spartanburg guidelines, this property accommodates a range of retail and restaurant uses, presenting a valuable investment opportunity for an owner-user or investor seeking a stabilized retail asset in a growing market. Offered at $650,000, this property combines strong physical improvements with a versatile location that supports future appreciation and income potential.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,804 SF
Building Class
C
Year Built
1998
Price
$650,000
Price Per SF
$360.31
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.44 AC
Zoning
Commercial
Parking
30 Spaces (19.18 Spaces per 1,000 SF Leased)
Frontage
78’ on Southport Rd
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 6-21-14-064.14 | Improvements Assessment | $11,112 |
| Land Assessment | $4,827 | Total Assessment | $15,939 |
Property Taxes
Parcel Number
6-21-14-064.14
Land Assessment
$4,827
Improvements Assessment
$11,112
Total Assessment
$15,939
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