Spartanburg, SC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Spartanburg, South Carolina Market population: 37K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Spartanburg SC Properties: 0.5900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Spartanburg SC
Common questions from investors exploring commercial real estate in Spartanburg SC.
What's the overall investment outlook for Spartanburg, SC, considering its demographics and economy?
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The city's median household income of $33,129, combined with a poverty rate of 25.2% and a high health insurance coverage of 88.1%, suggests a working-class market with some employment stability. The top industries, including Public Administration, Wholesale Trade, and Construction, indicate a diverse economy, while the median property value of $121,100 and median property taxes of $8,086 provide insight into the housing market. Additionally, the city's ethnic diversity, with Black, White, and White Non-Hispanic populations, contributes to a vibrant community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential tenants?
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The average commute time of 17.9 minutes, with top commute methods including Drove Alone, Carpooled, and Worked At Home, indicates a relatively convenient and flexible transportation infrastructure. This, combined with the high health insurance coverage of 88.1% and a median age of 37.0, suggests a stable and healthy community, making it an attractive location for residents and tenants. The diversity of commute methods also reflects the city's adaptability to different lifestyles and needs.
What are the implications of the poverty rate and income inequality on the rental market and tenant quality?
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The poverty rate of 25.2% and a gini coefficient of 0.508 indicate significant income inequality, which may impact the rental market and tenant quality. However, the employed population of 14,948 and median household income of $33,129 suggest that there is a working-class population that can support the rental market. The health insurance coverage of 88.1% also implies a level of employment stability, which can contribute to a more reliable tenant base.
How does the ethnic diversity and industry mix contribute to the demand for housing and rentals in Spartanburg, SC?
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The city's ethnic diversity, with a mix of Black, White, and White Non-Hispanic populations, contributes to a vibrant community with a range of cultural and economic backgrounds. The top industries, including Public Administration, Wholesale Trade, and Construction, also indicate a diverse economy, which can drive demand for housing and rentals. The median property value of $121,100 and median property taxes of $8,086 provide insight into the affordability and attractiveness of the housing market for different demographic groups.
What are the key factors to consider when evaluating the stability and potential for growth in the Spartanburg, SC real estate market?
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When evaluating the stability and potential for growth in the Spartanburg, SC real estate market, key factors to consider include the median property value of $121,100, median property taxes of $8,086, and homeownership rate of 49.5%. Additionally, the city's poverty rate of 25.2%, health insurance coverage of 88.1%, and average commute time of 17.9 minutes provide insight into the quality of life and economic stability of the community. The diversity of industries and ethnicities also contributes to a dynamic and resilient market, making it an attractive location for real estate investment.
Spartanburg SC Real Estate & City Facts
Key facts and real estate information about Spartanburg SC.
What are some of the best neighborhoods to live in Spartanburg?
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Some of the best neighborhoods to live in Spartanburg include Converse Heights, Fernwood, Wadsworth Hills, Hampton Heights, and Grain District. These neighborhoods offer a mix of historic charm, tree-lined streets, and easy access to downtown Spartanburg. Converse Heights is a popular choice for families, with its picturesque streets and proximity to local parks. Fernwood is another desirable neighborhood, with its unique blend of old and new homes. Wadsworth Hills is a more affordable option, with a mix of older and newer homes. Hampton Heights is a historic neighborhood with a strong sense of community, and Grain District is a trendy area with a mix of old and new homes and businesses.
What are some fun things to do in Spartanburg?
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Spartanburg has a lot to offer when it comes to fun things to do. You can visit the BMW Zentrum, explore the Hatcher Garden and Woodland Preserve, or check out the Specialty Museums. If you're looking for outdoor activities, you can hike at the Griffin Preserve or visit the Cottonwood trail. Downtown Spartanburg also has a lot to offer, with its shops, restaurants, and cultural attractions. The Beacon Drive-In is a popular spot for burgers and milkshakes, and the Skillet Restaurant is a great place to try some Southern comfort food. If you're looking for something unique, you can visit the Museum and Library of Confederate History or take a tour of the historic districts.
What is the food scene like in Spartanburg?
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The food scene in Spartanburg is diverse and delicious. You can find everything from Southern comfort food to international cuisine. Some popular restaurants include Cribbs Kitchen, Mon Amie, and Wade's Restaurant. Heirloom - A Milltown Eatery is a great place to try some locally sourced ingredients, and Sophia's is a popular spot for French-inspired cuisine. If you're looking for something unique, you can try some of the food trucks downtown or visit the Spartanburg Farmers' Market. There are also plenty of great barbecue joints, like Bubba's BBQ & Bash, and some amazing Asian restaurants, like Taste of Thai.
What are the pros and cons of living in Spartanburg?
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Living in Spartanburg has its pros and cons. Some of the pros include the city's small-town charm, its rich history, and its natural beauty. The cost of living is also relatively low compared to other cities in the US. However, some of the cons include the limited job opportunities, the traffic, and the summer heat. The city is also still recovering from some economic challenges, which can be seen in some of the abandoned buildings and vacant lots. Despite these challenges, Spartanburg is a city with a lot of heart and a strong sense of community, and many people find it to be a great place to call home.
Is Spartanburg a good place to live?
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Spartanburg is a great place to live for people who value a small-town atmosphere, a rich history, and a strong sense of community. The city has a lot to offer, from its natural beauty to its cultural attractions, and the cost of living is relatively low. However, it may not be the best fit for everyone, especially those who are looking for a more fast-paced urban lifestyle or a wider range of job opportunities. Overall, Spartanburg is a city that is full of character and charm, and it can be a great place to call home for people who are looking for a more relaxed pace of life.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Spartanburg SC Commercial Property: $33,129
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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