1206-1214 Union St - Storefront FOR SALE


Spartanburg, SC 29302- Duncan Park
$2,800,000 USD
864-680-7654
1206-1214 Union St, Spartanburg, SC for Sale
$2,800,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

1206-1214 Union St
Spartanburg, SC 29302
Duncan Park


HIGHLIGHTS

  • Signalized intersection
  • ±250 ft of road frontage on Union Street
  • ±160 ft of road frontage on Lucerne Drive
  • ±300 feet to Mary Black Foundation Rail Trail
  • Under 5 minutes to Downtown Spartanburg & new Baseball Stadium
  • $40M+ development across the street | ±174-unit apartment complex + retail

OVERVIEW

1206 Union Street is a well-located, income-producing Retail/Flex building situated on ±1.76 acres in one of Spartanburg's most active and fast-growing commercial corridors. Already 85% occupied with stable tenants, this property offers immediate cash flow with additional upside through the lease-up of one remaining ±4,000 SF vacancy. Located at a signalized intersection with approximately ±250 feet of frontage along Union Street and ±160 feet along Lucerne Drive, 1206 Union Street commands outstanding visibility and access from multiple directions. With a traffic count of approximately 17,000 vehicles per day, this property offers the kind of exposure that draws customers and supports long-term tenant success. Adequate on-site parking further enhances the appeal for both tenants and their customers. Directly across the street, a $40+ million mixed-use development is underway, featuring a ±174-unit apartment complex alongside ground-floor retail. This transformative project signals strong market confidence in the corridor and will bring a significant influx of new residents, foot traffic, and spending power to the immediate area. Just ±300 feet from the Mary Black Foundation Rail Trail, the property benefits from proximity to one of Spartanburg's most popular recreational amenities; a consistent driver of daytime activity and community engagement in the surrounding neighborhood. For purchase inquiries, contact us today!

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

-

APN/PARCEL ID

7-17-05-140.00

ASK ABOUT THIS PROPERTY

Carl HockerReedy Property GroupMore Info
864-680-7654

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Carl HockerReedy Property GroupMore Info
864-680-7654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.