News Summary
A historic building at 135 W. Main St. in Spartanburg has been listed for sale at $950,000. The two-story building features 4,100 square feet and is partially leased to The Spice and Tea Exchange until 2028. With ongoing developments in downtown Spartanburg, including a new minor league ballpark and a planned hotel, the property is seen as a strong investment opportunity, particularly with the potential for residential or office use on the upper floor.
Spartanburg – A historic building located at 135 W. Main St. has been listed for sale at a price of $950,000. This building is over 100 years old, featuring 4,100 square feet of space spread across two stories. Currently, the ground floor is leased to The Spice and Tea Exchange of Spartanburg, securing tenancy until 2028, while the upper floor, comprising 1,700 square feet, is available for lease.
As the downtown area undergoes significant development, the value of properties like this is anticipated to rise. There is an estimated $600 million being invested in various development projects in downtown Spartanburg. Recent initiatives include a newly opened minor league ballpark, plans for a hotel and office spaces, and a redesign of Morgan Square, though that work has faced delays.
The building’s current owners, 135 West Main LLC, bought it in 2018 for $400,000. The top floor, which previously housed a salon, presents multiple potential uses, including conversion into one or two residential apartments or office space. The potential rent for this top floor could range from $2,500 to $3,000 per month.
The area around the building has seen a mix of new restaurants open and others like The Flying Biscuit Cafe and Burrito Hub close, indicating a dynamic market in the vicinity. Furthermore, a new joint city-county government building is set to begin construction in October, which is expected to increase foot traffic in downtown Spartanburg. Adding to the attractions, a $15 million planetarium is scheduled to open as part of the Spartanburg County Public Libraries headquarters this fall.
While there are ambitious development plans, such as a proposed $75 million project for multiple buildings on East Main Street across from Church Street, these have currently stalled. The parcels involved are listed for sale at nearly $9 million.
Katherine Fulmer, a senior associate at NAI Earle Furman, regards the historic building as a potential “great investment opportunity.” She notes that the scarcity of similar buildings available for sale will likely bolster property values in the area as activity surrounding Morgan Square grows.
The ongoing transformations in Spartanburg signify a vibrant potential for growth and investment. Market activity and interest in the historic property at 135 W. Main St. may ramp up as the downtown landscape continues to evolve. Investors and businesses alike are keeping a watchful eye on these developments as the city strives for modernization while preserving its historical essence.
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Additional Resources
- Post and Courier: Building Spartanburg Morgan Square Sale
- Wikipedia: Spartanburg, South Carolina
- Goupstate: Historic Spartanburg School Building to be Secured for Future Use
- Google Search: Spartanburg development
- Fox Carolina: City Spartanburg Approves Preliminary Plans for New Joint Government Building
- Encyclopedia Britannica: Spartanburg
- Goupstate: Trump Administration to Sell Off Spartanburg’s Russell Courthouse
- Google News: Spartanburg investment
Author: STAFF HERE SPARTANBURG
The SPARTANBURG STAFF WRITER represents the experienced team at HERESpartanburg.com, your go-to source for actionable local news and information in Spartanburg, Spartanburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Spartanburg International Festival, Spartanburg ArtWalk, and motorsport events at Spartanburg Speedway. Our coverage extends to key organizations like the Spartanburg Area Chamber of Commerce and the Spartanburg Regional Healthcare System Foundation, plus leading businesses in manufacturing and textiles that power the local economy such as BMW Manufacturing and Milliken & Company. As part of the broader HERE network, including HEREAiken.com, HEREBeaufort.com, HEREChapin.com, HERECharleston.com, HEREClinton.com, HEREColumbia.com, HEREGeorgetown.com, HEREGreenwood.com, HEREGreenville.com, HEREHiltonHead.com, HEREIrmo.com, HEREMyrtleBeach.com, HERENewberry.com, HERERockHill.com, and HERESpartanburg.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
