Log In/Sign up
Your email has been sent.
207 Cedar Springs Rd 3,500 sq ft Retail Property Spartanburg, SC 29302 £1,496,060 (£427.45/sq ft) 11.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Spartanburg's Premier Upscale Liquor and Party Supply Non Franchise Businesses with Real Estate
- Turn-Key Prominent Location with Well Established Solid Loyal Customer Base
- Spartanburg's Highest Rated Liquor Store
- 2022 Gross Revenue $2,180,051 with NOI of $230,000 plus 10% Plus Cap Rate
- Impressive Collection of High Margin Very Rare to Find Spirits and Cigar Collections
- 3500 Sq Ft Concrete Building with 1.24 Acres of Land with 40 Plus Paved Parking for Future Development
EXECUTIVE SUMMARY
* Location ! Location ! Location * High Visibility Corner with Excellent Signage * Lucrative Investment in Flourishing Spirit Market
* Spartanburg's Premier Upscale Liquor and connected Party Store Non Franchise Businesses with Real Estate
* Area is Fast Growing with Lots of New Apartments and Condos Going Up Large Growth in Population
* Turn-Key prominent location with very well established solid loyal customer base
* 3500 Sq Ft Building with 1.24 Acres of Land with Lots of Paved Parking for future development and Easy to Get in and Out Access
* Impressive Collection of High Margin Very Rare Hard to Find Spirits and Cigars Specialize Inventory
* New Security System , Cameras , Walk In Cooler , Beer Cave, Wall Shelving Gondolas, Displays Fancy Vine Wine Racks Included
* Estimated $1,000,000 Inventory NOT INCLUDED
* Spartanburg's Premier Upscale Liquor and connected Party Store Non Franchise Businesses with Real Estate
* Area is Fast Growing with Lots of New Apartments and Condos Going Up Large Growth in Population
* Turn-Key prominent location with very well established solid loyal customer base
* 3500 Sq Ft Building with 1.24 Acres of Land with Lots of Paved Parking for future development and Easy to Get in and Out Access
* Impressive Collection of High Margin Very Rare Hard to Find Spirits and Cigars Specialize Inventory
* New Security System , Cameras , Walk In Cooler , Beer Cave, Wall Shelving Gondolas, Displays Fancy Vine Wine Racks Included
* Estimated $1,000,000 Inventory NOT INCLUDED
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£1,630,744
|
£465.93
|
| Other Income |
£22,389
|
£6.40
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£1,653,132
|
£472.32
|
| Taxes |
£13,508
|
£3.86
|
| Operating Expenses |
£1,467,577
|
£419.31
|
| Total Expenses |
£1,481,085
|
£423.17
|
| Net Operating Income |
£172,047
|
£49.16
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | £1,630,744 |
| Annual Per sq ft | £465.93 |
| Other Income | |
|---|---|
| Annual | £22,389 |
| Annual Per sq ft | £6.40 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £1,653,132 |
| Annual Per sq ft | £472.32 |
| Taxes | |
|---|---|
| Annual | £13,508 |
| Annual Per sq ft | £3.86 |
| Operating Expenses | |
|---|---|
| Annual | £1,467,577 |
| Annual Per sq ft | £419.31 |
| Total Expenses | |
|---|---|
| Annual | £1,481,085 |
| Annual Per sq ft | £423.17 |
| Net Operating Income | |
|---|---|
| Annual | £172,047 |
| Annual Per sq ft | £49.16 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Standalone
Property Size
3,500 sq ft
Costar Property Class
C
Year Built
1987
Price
£1,496,060
Price per sq ft
£427.45
Yield
11.50%
NOI
£172,047
Tenancy
Single
Number of Floors
1
Plot ratio
0.06
Total Plot Size
1.24 ac
Use Class
6RGC - 6RGC
Parking
40 Spaces (10 Spaces per 1,000 sq ft Leased)
Frontage
82 ft on Cedar Springs Rd
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7-21-03-001.00 | Total Assessment | £14,447 (2025) |
| Land Assessment | £9,425 (2025) | Annual Taxes | £13,508 (£3.86/sq ft) |
| Improvements Assessment | £5,022 (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
7-21-03-001.00
Land Assessment
£9,425 (2025)
Improvements Assessment
£5,022 (2025)
Total Assessment
£14,447 (2025)
Annual Taxes
£13,508 (£3.86/sq ft)
Tax Year
2022
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
207 Cedar Springs Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.