860 W Main St - Light Distribution FOR SALE


Spartanburg, SC 29301- Saxon
$649,000 USD
828-424-5433
860 W Main St, Spartanburg, SC for Sale
$649,000 USD
Light Distribution - FOR SALE
1/36
null | 11.7% Cap Rate

860 W Main St
Spartanburg, SC 29301
Saxon


OVERVIEW

Turnkey income-producing property - five fully leased garage bays plus 10 paved parking spaces, generating $8,900 per month in gross rental income. Strong cap rate of approximately 11.7% on the asking price, well above typical small-bay industrial returns. Sale includes both the real estate and the established rental operation - tenants, leases, and income transfer with the property. Each of the five bays is identical in size (15' x 40') with its own private drive-in roll-up door, allowing flexible leasing to separate tenants. 1.5-acre lot provides ample paved parking, room for outdoor storage, and potential for future expansion. Located on W Main St in Spartanburg, SC - a growing Upstate South Carolina market with strong demand for small-bay industrial and flex space. One bay is scheduled to come available within three weeks, giving a new owner immediate flexibility to reset that unit at current market rent or occupy it for owner-use. 1 acre price is $649,000. New roof and fully renovated.

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

11.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

7

DRIVE INS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1

LAND SF

43,560

ZONING

CI

APN/PARCEL ID

7-11-16-008.00

ASK ABOUT THIS PROPERTY

Viktor UpstateGSP Rental LLCMore Info
828-424-5433

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

Viktor UpstateGSP Rental LLCMore Info
828-424-5433

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