Parcel 7-12-14-355.02, outline Outline of the parcel at 325 South Church Street (2.49 acres), north up, drawn from City of Spartanburg GIS geometry. Building footprints are not shown.
325 South ChurchSpartanburg, South Carolina

Tools · Buy or build

Buying this campus is not materially cheaper than building new. It may be faster.

Reproducing the campus on new land prices at $3.24M to $5.20M before sitework, fees and entitlement, and takes 18 to 30 months. Buying this one at $3,300,000 and adapting it lands in an overlapping cost range. Opening could come 6 months sooner to 27 months sooner, provided the campus is delivered vacant, which is not yet established.

Building the same campus new

ComponentLowHighBasis
Land: 2.49 acres near downtown$0.24M$0.78MNear-downtown land sales of 1.6 to 6.7 acres in the City's parcel records, 2016 to 2020, at $95,939 to $314,371 an acre. Not adjusted for later prices.
Building 1 equivalent: 12,128 sq ft classroom or office, one story$2.10M$2.77MICC Building Valuation Data (August 2025) × 0.85 South Carolina modifier: educational to business construction, $173 to $228 per sq ft; cross-checked against RSMeans elementary-school models.
Building 2 equivalent: 7,600 sq ft metal shop or support building$0.56M$0.92MICC Building Valuation Data × 0.85: storage to factory construction, $73 to $121 per sq ft. Dock, mezzanine and truck area not priced separately.
Paving: 34,000 sq ft (the card's figure)$0.07M$0.15M$2.00 to $4.50 per sq ft from a consumer cost guide (2025). Low authority.
Design and engineering$0.19M$0.33M7% to 9% of construction.
Financing and carry over the build$0.10M$0.25MInterest and carry during construction. An estimate, not a quote.
Priced components$3.24M$5.20MExcludes everything listed below.

Not priced, and each raises both ends: entitlement; sitework beyond paving: grading, stormwater, lighting, curbs, landscaping; fencing and security; utilities and connection fees; permits and plan review. Sitework beyond paving is likely the largest.

Compare

Adjust the purchase price, the adaptation your program needs, and the timelines. The default adaptation range runs from cooling and a fire alarm for Building 1 (low) to a new ducted HVAC system with electrical work (high), from South Carolina public-project costs. A full school conversion of both buildings costs more.

This campus, bought and adapted
$3.63M to $4.84M
Built new (priced components)
$3.24M to $5.20M
Difference, new build minus this campus
−$1.60M to $1.57M
Time to occupy, buying against building
6 months sooner to 27 months sooner

A negative difference means building new could cost less at that end of the ranges. Timelines for this campus assume closing and adaptation only; they depend on the current occupant vacating. New-build time combines one charter campus's roughly ten months of construction in Woodruff (ground broken October 2025, opened August 2026) with an assumed six to twelve months for land, design and permits.

Sources

  1. City of Spartanburg parcel and CAMA layers (2019-2026 vintages). City of Spartanburg GIS. Accessed 6 October 2026.
  2. Building Valuation Data, August 2025. International Code Council. August 2025. Accessed 7 October 2026.
  3. Elementary School cost model. RSMeans. Accessed 7 October 2026.
  4. How much does an asphalt parking lot cost? (2025 data). HomeAdvisor (consumer cost guide). 2025 data. Accessed 7 October 2026.
  5. Joint Bond Review Committee agenda, 3 June 2025 (state HVAC and fire-alarm projects). South Carolina Legislature. 3 June 2025. Accessed 7 October 2026.
  6. Libertas Academy and Riverbend Athletic Complex break ground in Woodruff. The Woodruff Times. 17 October 2025. Accessed 7 October 2026.
  7. Inside Libertas Academy: Woodruff's new charter school prepares to welcome students. The Woodruff Times. 24 July 2026. Accessed 7 October 2026.
  8. 325 S Church Street / 101 Deborah Dr, LoopNet listing 42390275. LoopNet. On market 29 September 2026. Accessed 6 October 2026.