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755 John B White Sr Blvd
Spartanburg, SC 29306
Retail Property For Sale
Investment Highlights
- Seven retail units plus two storage buildings situated on approximately three acres
- Ideally located between downtown Spartanburg and the dynamic Westside commercial area.
- Established tenant base operating on flexible month-to-month leases.
- Total building area of about 16,000 square feet with strong repositioning opportunities.
- High traffic exposure with over 18,000 vehicles per day passing along John B. White Sr. Blvd.
- Convenient access to major transportation routes including I-85 and I-26, and close to Greenville-Spartanburg International Airport.
Executive Summary
This value-add retail center offers a unique investment opportunity along the busy John B. White Sr. Boulevard corridor in Spartanburg, SC. The property comprises seven individual retail units along with two additional storage buildings, totaling roughly 16,000 square feet of improvements on a three-acre parcel. Positioned between downtown Spartanburg and the vibrant Westside, the site benefits from strong visibility and convenient access to high-traffic thoroughfares.
The location boasts an approximate daily traffic count exceeding 18,000 vehicles, ensuring prominent exposure for tenants and robust consumer access. Long-standing tenants currently occupy the premises on month-to-month agreements, allowing immediate upside through lease restructuring or repositioning strategies. With an asking price of $1,900,000, investors gain control of a property in an area experiencing steady population growth and a diverse economic base anchored by manufacturing and international business investment. Nearby transportation advantages include connectivity to Interstate 85 and Interstate 26 and proximity to Spartanburg Downtown, Greenville-Spartanburg International Airport, and key distribution networks. This asset’s income potential and prime corridor frontage make it an attractive choice for portfolio expansion or entrepreneurial redevelopment concepts.
The location boasts an approximate daily traffic count exceeding 18,000 vehicles, ensuring prominent exposure for tenants and robust consumer access. Long-standing tenants currently occupy the premises on month-to-month agreements, allowing immediate upside through lease restructuring or repositioning strategies. With an asking price of $1,900,000, investors gain control of a property in an area experiencing steady population growth and a diverse economic base anchored by manufacturing and international business investment. Nearby transportation advantages include connectivity to Interstate 85 and Interstate 26 and proximity to Spartanburg Downtown, Greenville-Spartanburg International Airport, and key distribution networks. This asset’s income potential and prime corridor frontage make it an attractive choice for portfolio expansion or entrepreneurial redevelopment concepts.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
16,000 SF
Building Class
C
Year Built
1950
Price
$2,673,300 CAD
Price Per SF
$167.08 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.37 AC
Zoning
B-1
Parking
10 Spaces (1.58 Spaces per 1,000 SF Leased)
Frontage
138’ on John B White Sr
Amenities
- Bus Line
Property Taxes
| Parcel Number | 7-15-08-292.01 | Improvements Assessment | $10,232 CAD |
| Land Assessment | $18,260 CAD | Total Assessment | $28,492 CAD |
Property Taxes
Parcel Number
7-15-08-292.01
Land Assessment
$18,260 CAD
Improvements Assessment
$10,232 CAD
Total Assessment
$28,492 CAD
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