Licensed South Carolina Real Estate Broker — Affiliated with G Brokerage

Sell Your Commercial Property in Spartanburg, SC

Spartanburg is the upstate's manufacturing powerhouse, with over 100 international companies maintaining operations in the metro area. BMW's massive manufacturing plant (technically in the Spartanburg-Greer corridor), along with Milliken & Company, Denny's corporate headquarters, and a dense cluster of European manufacturers, create industrial demand that consistently ranks among the strongest in South Carolina. For commercial property owners, Spartanburg offers a market where manufacturing stability meets I-85 corridor logistics, delivering strong yields backed by blue-chip industrial tenant demand that most similarly sized cities cannot match.

No upfront feesConfidential process$500K - $10M+ properties
2x
Dual Expertise
Business broker + CRE advisor. Most brokers only do one.
90
Day Avg. to Offer
Well-priced properties with strong financials attract fast offers.
$0
Upfront Cost
Success-based fees only. You pay nothing until your property sells.
Market Intelligence

Spartanburg Commercial Real Estate Market

Spartanburg's commercial real estate market is defined by its extraordinary concentration of international manufacturing. Over 100 companies from 25+ countries maintain operations in Spartanburg County, creating an industrial ecosystem built around advanced manufacturing, automotive supply chain, and specialty chemicals. BMW's plant — producing over 400,000 vehicles annually in the Greer corridor — anchors this ecosystem, but the breadth of manufacturing diversity means Spartanburg's industrial demand is not dependent on any single company or sector.

Beyond manufacturing, Spartanburg is diversifying through healthcare (Spartanburg Medical Center, part of Spartanburg Regional), higher education (Wofford College, Converse University, USC Upstate), and downtown revitalization centered on Morgan Square. The Morgan Square district has attracted restaurants, breweries, and creative businesses that are beginning to reshape Spartanburg's commercial identity beyond its manufacturing roots. Medical office demand along the Church Street medical corridor and near Spartanburg Medical Center provides a stable healthcare anchor.

Spartanburg's cap rates run 75 to 150 basis points above neighboring Greenville, offering investors stronger yields while sharing the same I-85 corridor logistics infrastructure and BMW supply chain access. This yield differential attracts investors who recognize that Spartanburg's manufacturing fundamentals are among the strongest in the state — they simply haven't been repriced to Greenville's level due to Greenville's superior downtown brand. For sellers, this creates an opportunity to capture competitive offers from yield-focused investors while the market's repricing catches up to its fundamentals.

40,000+
Population
1.3% annually
Annual Growth
38000
Median Income
0.035
Unemployment
Major Employers: BMW Manufacturing (nearby), Spartanburg Regional Healthcare, Denny's HQ, Milliken & Company, Toray Industries
Economic Drivers: Advanced Manufacturing, Automotive, Healthcare, Education, Logistics
What's Selling

Top Property Types in Spartanburg

01

Industrial & Manufacturing

Spartanburg's manufacturing concentration creates industrial demand that is both deep and diversified. BMW's supply chain, Milliken & Company's specialty chemicals, and over 100 international manufacturers need production space, warehouse, and distribution facilities throughout the I-85 corridor and the US-29 industrial zone. Properties with heavy power, adequate floor loads for manufacturing equipment, truck court access, and proximity to I-85 trade most competitively. Spartanburg's industrial market offers stronger yields than Greenville while sharing the same automotive supply chain dynamics.

02

Retail & Downtown

Spartanburg Regional Healthcare System operates the county's major hospital and generates sustained medical office demand along Church Street, Pine Street, and the Boiling Springs medical corridor. The system's ongoing campus investment and expansion of outpatient services create new demand for medical-adjacent properties. Multi-tenant medical buildings near the hospital attract both physician-investors and regional healthcare REITs. The aging upstate population amplifies healthcare utilization rates, supporting long-term medical office demand growth across the Spartanburg market.

03

Office & Flex

Morgan Square's revitalization is creating early-stage demand for downtown retail, restaurant, and entertainment properties that mirrors Greenville's Main Street transformation a decade ago. Restaurants, breweries, and creative businesses are establishing presence in the downtown core, attracting investment from entrepreneurs and real estate investors who see parallels to Greenville's successful downtown model. Properties with Morgan Square proximity, character architecture, and first-floor retail potential represent the highest appreciation opportunity in the Spartanburg market.

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Market Data

Spartanburg Cap Rate Ranges

Property TypeTypical Cap Rate
Industrial6.5% - 8.5%
Retail7.0% - 9.5%
Office7.5% - 10.0%
Mixed-Use6.5% - 9.0%
NNN Lease5.0% - 7.0%

Cap rates offer stronger yields than Greenville with improving fundamentals.

Your Advisor

Why Spartanburg Property Owners Work With John Salony

Dual Expertise

Most CRE agents don't understand business valuations. Most business brokers don't do real estate. John does both, giving you a complete picture of your property's value.

No Wasted Time

Pre-qualified buyers. Realistic pricing from day one. Clean financials and marketing materials that attract serious offers, not tire-kickers.

Confidential Process

Your tenants, employees, and competitors won't know you're selling until you're ready. Every step is managed with discretion.

Success-Based Fee

You pay nothing upfront. John's fee is earned only when your property sells. Your interests are fully aligned.

Common Questions

Selling Commercial Property in Spartanburg

Industrial along I-85 driven by BMW suppliers and downtown retail redevelopment opportunities.
Most sales take 4 to 10 months. Industrial near BMW moves more quickly.
Spartanburg cap rates run 75 to 150 basis points above Greenville, offering stronger income yields with comparable industrial fundamentals. Manufacturing and warehouse industrial trades at 6.0% to 8.5%, with modern automotive supply chain space tightest. Retail ranges from 7.0% to 9.5%, with Morgan Square emerging properties beginning to compress. Medical office near Spartanburg Regional trades at 6.5% to 8.5%. General office varies from 7.5% to 10.0%. NNN properties with manufacturing credit tenants achieve 5.0% to 7.0%.
Yes — Spartanburg's manufacturing economy frequently produces combined business-and-real-estate transactions. Industrial operations with specialized facilities, automotive supply chain businesses, and medical practices near the hospital campus often achieve maximum total proceeds when sold as packages. John Salony structures these deals to capture the manufacturing premium — Spartanburg's blue-chip industrial tenant base adds value that purely financial analysis may understate. Sale-leaseback options preserve operational continuity for sellers.
Spartanburg's manufacturing base continues attracting international investment, Morgan Square's downtown revitalization is gaining momentum, and the healthcare sector expands with regional demand. The market's yield advantage over Greenville — 75 to 150 basis points — attracts investors who understand that Spartanburg's industrial fundamentals are among the strongest in SC. Properties connected to the BMW supply chain, healthcare campuses, or the emerging downtown revitalization offer the best positioning. A consultation can help you capture the right buyer for your Spartanburg property.
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Licensed SC Real Estate Broker REL.138767 B | Affiliated with G Brokerage Commercial Real Estate Inc.
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