Share This Listing

Message

939 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Established commercial property currently operating as an auto sales facility.
  • Convenient access to surrounding residential and commercial development.
  • Located within the growing Boiling Springs market of Spartanburg County.

Executive Summary

118 Rainbow Lake Road presents an opportunity to acquire an established commercial property in the growing Boiling Springs market of Spartanburg County. Currently operating as Drake Auto Sales, the property offers a flexible commercial layout that can support automotive sales, owner-user operations, service-oriented businesses, or a variety of commercial uses. Situated on approximately 0.76 acres, the site benefits from visibility along Rainbow Lake Road and convenient access to the area's expanding residential and commercial base.
The building was constructed in 2018 and features a front office configuration designed for customer interaction and day-to-day business operations. Interior improvements include luxury vinyl plank flooring, multiple private offices, reception areas, a kitchen, and separate public restrooms. The site configuration provides functionality for vehicle display, customer parking, and outdoor business operations associated with automotive or other commercial uses.
Boiling Springs continues to experience residential growth and commercial expansion, creating demand for businesses seeking access to the broader Spartanburg market. The property's location offers connectivity to major retail corridors, employment centers, and regional transportation routes throughout the Upstate South Carolina region. For investors, the asset provides a well-maintained commercial property in an established trade area. For owner-users, the existing improvements allow for immediate occupancy with flexibility for future adaptation based on operational needs.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,056 SF
Building Class
C
Year Built
2018
Price
$1,729,500 CAD
Price Per SF
$1,637.78 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.00 AC
Zoning
GC - General Commercial
Frontage
68’ on Rainbow Lake Rd

Amenities

  • Pylon Sign
  • Signage
  • Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100

Nearby Major Retailers

Starbucks
Applebee's
United Community Bank
Woodforest National Bank
Mcalister's Deli
Burn Boot Camp
Anytime Fitness
First Citizens Bank
First Horizon Bank
CrossFit

Property Taxes

Property Taxes

Parcel Number
2-44-01-018.01
Land Assessment
$10,352 CAD
Improvements Assessment
$30,475 CAD
Total Assessment
$40,827 CAD
  • Listing ID: 41891228

  • Date on Market: 2026-08-26

  • Last Updated:

  • Address: 118 Rainbow Lake Rd, Boiling Springs, SC 29316

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}