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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
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,804 SF
Building Class
C
Year Built
1998
Price
$890,311 CAD
Price Per SF
$493.52 CAD
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 | $15,220 CAD |
| Land Assessment | $6,612 CAD | Total Assessment | $21,832 CAD |
Property Taxes
Parcel Number
6-21-14-064.14
Land Assessment
$6,612 CAD
Improvements Assessment
$15,220 CAD
Total Assessment
$21,832 CAD
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