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
1/6
null | Request Cap Rate

1206-1214 Union St
Spartanburg, SC 29302
Duncan Park


HIGHLIGHTS

  • Located at a signalized intersection with ±250 feet of frontage
  • Less than five minutes from downtown Spartanburg and new stadium
  • Adjacent to grocery store and ice machine company
  • Near ±174-unit apartment and retail development across the street
  • ±300 feet from Mary Black Rail Trail pedestrian corridor
  • Surrounded by over $1.1B in active capital investment

OVERVIEW

Positioned at a high-visibility signalized intersection just three miles from downtown Spartanburg, 1206 Union Street offers a rare opportunity to acquire a ±26,000-square-foot retail/flex building on ±1.76 acres. The property features ±250 feet of frontage on Union Street and ±160 feet on Lucerne Drive, with traffic counts of approximately 17,000 vehicles per day. Located within a shopping center anchored by a grocery store and adjacent to an ice machine company, the site benefits from strong co-tenancy and consistent consumer draw. This asset is ideally situated less than five minutes from Spartanburg’s new minor league baseball stadium and the heart of downtown, placing it within reach of a transformative $425 million mixed-use development that includes 375 apartments, 200,000 square feet of office space, a 150-room hotel, and a new city-county administrative complex. The property is also just ±300 feet from the Mary Black Rail Trail, enhancing its appeal for pedestrian traffic and lifestyle-oriented tenants. Spartanburg continues to rank among the fastest-growing metros in the U.S., with a booming industrial sector, strong retail occupancy (±97.2%), and over $1.1 billion in capital investment underway. The area’s demographic strength, affordability, and cultural vibrancy make this site a compelling investment for owner-users, developers, or value-add investors seeking a foothold in a dynamic market.

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.