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348 Preston St
Spartanburg, SC 29303

Flex Property For Sale

INVESTMENT HIGHLIGHTS

  • Located in a designated opportunity zone, it provides potential tax benefits for investors
  • A unique blend of commercial and residential spaces, making it a versatile investment opportunity.
  • Prime location near downtown Spartanburg and Barnett Park makes it highly attractive for potential tenants or business owners.

EXECUTIVE SUMMARY

FOR SALE: Exceptional Commercial Property in Spartanburg, SC
Welcome to 348 Preston Street, a unique and versatile commercial property located in the heart of Spartanburg, South Carolina. This expansive 20,000 square foot building is an excellent investment opportunity, offering a blend of commercial and residential spaces, and is situated in a designated opportunity zone, providing potential tax benefits for investors.
The property is fully sprinklered and climate-controlled, ensuring the safety and comfort of occupants. The building's mechanical systems are in excellent condition, reducing the need for immediate maintenance or upgrades. A large parking lot provides ample space for customers, clients, or residents.
The commercial portion of the property is zoned for restaurant or business use. It features a loading dock for easy delivery and shipment, making it an ideal location for a variety of businesses.
The residential unit is a spacious 1,600 square foot living space, complete with 2 bedrooms, 2 full baths, a family room, and a private yard with a patio. The full kitchen boasts an island for additional counter space, and a separate laundry room with a utility sink adds convenience.
Located just minutes from downtown Spartanburg and Barnett Park, this property offers a prime location for both business and leisure. The vibrant local community and proximity to city amenities make it an attractive option for potential tenants or business owners.
Priced at $1,900,000, this property represents a significant investment opportunity. Its location in an opportunity zone may provide tax incentives for investors, and its versatility makes it a valuable addition to any real estate portfolio.

PROPERTY FACTS Under Contract

Sale Type Investment or Owner User
Sale Conditions Lease Option
Property Type Flex
Property Subtype
Showroom
  • Office Office Residential
  • Office Industrial Live Work Unit
Building Class B
Lot Size 1.00 AC
Rentable Building Area 20,050 SF
No. Stories 1
Year Built 1950
Clear Ceiling Height 14’
Opportunity Zone Yes
Parcel Number 7-11-08-150.00

ZONING

Zoning Code A2/A3 (Mixed use - Assembly, Restaurant, Business, & Residential)
A2/A3 (Mixed use - Assembly, Restaurant, Business, & Residential)
  • Listing ID: 31808362

  • Date on Market: 2024-05-03

  • Last Updated:

  • Address: 348 Preston St, Spartanburg, SC 29303

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