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860 W Main St
Spartanburg, SC 29301 Saxon

$709,000 USD

Light Distribution For Sale • 4,224 SF

Property Details

Property Type Light Distribution
Total Building Size 4,224 SF
Lot Size 1 AC
Building Class C
Year Built 1951
Cap Rate 11.85 %
Tenancy Multiple
Zoning CI

50 Walk Score

                
                    Highlights
                
                                Fully leased 4,224 SF flex building offering a strong 10.68% cap rate and stable annual NOI of $64,000–$67,000.
                            
                                Prime location in Spartanburg’s high-traffic industrial area, just minutes from downtown, shopping, and hotels.
                            
                                Features 5 bays with roll-up doors, 7 dock-high loading areas, 2 offices, and 3 restrooms, providing versatile space for various businesses.
                            
                                Recent upgrades include a brand-new roof and a fenced 1-acre lot, ensuring security and privacy for tenants and owners.

Financial Summary (Actual)

Net Operating Income: $66,707 USD (2024)

Cap Rate:	11.85 %
Total Expenses:	$14,593 USD

Amenities

24 Hour Access
Courtyard
Fenced Lot
Front Loading
Security System
Storage Space
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	5 min	-	1.7 mi
Airport	Drive	Walk	Distance
Greenville Spartanburg International	28 min	-	18.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	75
Type:	Surface
Included in Rent:	Yes

Viktor Upstate 828-424-5433 GSP Rental LLC

860 W Main St Spartanburg, SC 29301 Saxon