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876 W Main St 29301 876 W Main St

19,635 SF 29% Leased Industrial Building Spartanburg, SC 29301 $1,185,000 ($60/SF)

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Investment Highlights

multi use,

Executive Summary

Great industrial building separated inside to accommodate multiple leases to include warehouse, work stations, and offices for many types of businesses. Total income $9000 per month with a potential for an additional $6000 in rent or to occupy the remaining space for yourself! New roof, updated offices, bathrooms, and convenient downtown location only enhances the property to be in high demand for years to come Fire and sprinkler system approved by the city. Driveway modified to allow delivery trucks to circle in and out easily. City is currently repaving roads and preparing for economic expansion in the area!!

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$108,000	$5.50
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$108,000	$5.50
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$108,000
Annual Per SF	$5.50

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$108,000
Annual Per SF	$5.50

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$1,185,000	Rentable Building Area	19,635 SF
Price Per SF	$60	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1963
Property Type	Industrial	Parking Ratio	1.53/1,000 SF
Property Subtype	Service Industrial Distribution Industrial Manufacturing Industrial Warehouse	Clear Ceiling Height	12 FT
Building Class	C	No. Dock-High Doors/Loading	1
Lot Size	0.87 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,185,000
Price Per SF	$60
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Service Industrial Distribution Industrial Manufacturing Industrial Warehouse
Building Class	C
Lot Size	0.87 AC
Rentable Building Area	19,635 SF
No. Stories	1
Year Built	1963
Parking Ratio	1.53/1,000 SF
Clear Ceiling Height	12 FT
No. Dock-High Doors/Loading	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.