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115 Southport Rd - C & D 1,980 SF Office/Medical Condo Units Offered at $854,193 CAD Per Unit in Spartanburg, SC 29306
INVESTMENT HIGHLIGHTS
- Two fully leased office condominiums in a professional park.
- Strong 7% cap rate with stable local tenants.
- Minutes from downtown Spartanburg and major business corridors.
- Prime frontage along Southport Road for maximum visibility.
- Third-party management ensures hassle-free ownership.
EXECUTIVE SUMMARY
115 Southport Road offers a rare chance to acquire two fully leased office condominiums in a well-established professional office park. Positioned prominently along Southport Road, these front-row units provide excellent visibility and accessibility, making them highly desirable for tenants and investors alike. Each unit spans approximately 1,980 square feet and is occupied by stable local businesses, ensuring consistent rental income and minimal turnover. This investment delivers a strong 7% cap rate and includes professional third-party management overseeing all common areas, reducing operational responsibilities for ownership. Located just minutes from downtown Spartanburg, the property benefits from proximity to major business hubs, retail centers, and regional thoroughfares, enhancing its long-term value proposition. Spartanburg’s economic growth, coupled with its expanding professional services sector, positions this asset as an attractive addition to any portfolio. With established tenants, low vacancy risk, and a strategic location in a thriving market, 115 Southport Road represents a secure and profitable investment opportunity.
PROPERTY FACTS
| Total Building Size | 3,930 SF | Typical Floor Size | 1,965 SF |
| Property Type | Office | Year Built | 2006 |
| Property Subtype | Medical | Lot Size | 0.08 AC |
| Building Class | B | Parking Ratio | 3.56/1,000 SF |
| Floors | 2 | Opportunity Zone |
Yes
|
| Zoning | Unzoned - unzoned | ||
| Total Building Size | 3,930 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 1,965 SF |
| Year Built | 2006 |
| Lot Size | 0.08 AC |
| Parking Ratio | 3.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Unzoned - unzoned |
AMENITIES
- Signage
2 UNITS AVAILABLE
Unit C
| Unit Size | 1,980 SF | Sale Type | Investment |
| Price | $854,193 CAD | Cap Rate | 7.00% |
| Price Per SF | $431.41 CAD | NOI | $59,793.48 CAD |
| Condo Use | Office/Medical |
| Unit Size | 1,980 SF |
| Price | $854,193 CAD |
| Price Per SF | $431.41 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $59,793.48 CAD |
DESCRIPTION
Units: C & D Size: ±1,980 SF per unit
None. Both units are fully leased.
Unit D
| Unit Size | 1,980 SF | Sale Type | Investment |
| Price | $854,193 CAD | Cap Rate | 7.00% |
| Price Per SF | $431.41 CAD | NOI | $59,793.48 CAD |
| Condo Use | Office/Medical |
| Unit Size | 1,980 SF |
| Price | $854,193 CAD |
| Price Per SF | $431.41 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $59,793.48 CAD |
DESCRIPTION
Units: C & D Size: ±1,980 SF per unit
None. Both units are fully leased.
Presented by
115 Southport Rd - C & D
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