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207 Cedar Springs Rd 3,500 SF Retail Building Spartanburg, SC 29302 $2,765,000 CAD ($790.00 CAD/SF) 11.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Spartanburg's Premier Upscale Liquor and Party Supply Non Franchise Businesses with Real Estate
- Turn-Key Prominent Location with Well Established Solid Loyal Customer Base
- Spartanburg's Highest Rated Liquor Store
- 2022 Gross Revenue $2,180,051 with NOI of $230,000 plus 10% Plus Cap Rate
- Impressive Collection of High Margin Very Rare to Find Spirits and Cigar Collections
- 3500 Sq Ft Concrete Building with 1.24 Acres of Land with 40 Plus Paved Parking for Future Development
EXECUTIVE SUMMARY
* Location ! Location ! Location * High Visibility Corner with Excellent Signage * Lucrative Investment in Flourishing Spirit Market
* Spartanburg's Premier Upscale Liquor and connected Party Store Non Franchise Businesses with Real Estate
* Area is Fast Growing with Lots of New Apartments and Condos Going Up Large Growth in Population
* Turn-Key prominent location with very well established solid loyal customer base
* 3500 Sq Ft Building with 1.24 Acres of Land with Lots of Paved Parking for future development and Easy to Get in and Out Access
* Impressive Collection of High Margin Very Rare Hard to Find Spirits and Cigars Specialize Inventory
* New Security System , Cameras , Walk In Cooler , Beer Cave, Wall Shelving Gondolas, Displays Fancy Vine Wine Racks Included
* Estimated $1,000,000 Inventory NOT INCLUDED
* Spartanburg's Premier Upscale Liquor and connected Party Store Non Franchise Businesses with Real Estate
* Area is Fast Growing with Lots of New Apartments and Condos Going Up Large Growth in Population
* Turn-Key prominent location with very well established solid loyal customer base
* 3500 Sq Ft Building with 1.24 Acres of Land with Lots of Paved Parking for future development and Easy to Get in and Out Access
* Impressive Collection of High Margin Very Rare Hard to Find Spirits and Cigars Specialize Inventory
* New Security System , Cameras , Walk In Cooler , Beer Cave, Wall Shelving Gondolas, Displays Fancy Vine Wine Racks Included
* Estimated $1,000,000 Inventory NOT INCLUDED
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$3,013,921
|
$861.12
|
| Other Income |
$41,378
|
$11.82
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,055,299
|
$872.94
|
| Taxes |
$24,965
|
$7.13
|
| Operating Expenses |
$2,712,359
|
$774.96
|
| Total Expenses |
$2,737,324
|
$782.09
|
| Net Operating Income |
$317,975
|
$90.85
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $3,013,921 |
| Annual Per SF | $861.12 |
| Other Income (CAD) | |
|---|---|
| Annual | $41,378 |
| Annual Per SF | $11.82 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $3,055,299 |
| Annual Per SF | $872.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,965 |
| Annual Per SF | $7.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,712,359 |
| Annual Per SF | $774.96 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,737,324 |
| Annual Per SF | $782.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $317,975 |
| Annual Per SF | $90.85 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Building Class
C
Year Built
1987
Price
$2,765,000 CAD
Price Per SF
$790.00 CAD
Cap Rate
11.50%
NOI
$317,975 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.24 AC
Zoning
6RGC - 6RGC
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
82’ on Cedar Springs Rd
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7-21-03-001.00 | Total Assessment | $27,094 CAD (2025) |
| Land Assessment | $17,675 CAD (2025) | Annual Taxes | $24,965 CAD ($7.13 CAD/SF) |
| Improvements Assessment | $9,418 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
7-21-03-001.00
Land Assessment
$17,675 CAD (2025)
Improvements Assessment
$9,418 CAD (2025)
Total Assessment
$27,094 CAD (2025)
Annual Taxes
$24,965 CAD ($7.13 CAD/SF)
Tax Year
2022
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207 Cedar Springs Rd
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