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.