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    NPA Chesnee Hwy Spartanburg, SC 29307

    For Sale
    $525,000

    8-Acre Residential Development Site in Spartanburg, SC

    Property size:
    348,480 SF

    Description

    Added:
    Jan 22, 2025
    Days on Market:
    321
    This exceptional 8-acre parcel presents a prime opportunity for residential development. Strategically located off Chesnee Highway (Highway 221) in Spartanburg, South Carolina, zip code 29307, this site boasts convenient access to major transportation arteries. It's approximately 0.47 miles from Interstate 85 and roughly 1.5 miles from the Flat Wood Industrial Park, ensuring strong connectivity and potential for high demand. The property offers all utilities, although verification through Spartanburg County is recommended for prospective buyers. Highway 221 experiences a significant daily traffic volume of 20,000 vehicles, providing excellent visibility and accessibility for any future development. With a total land area of approximately 8 acres, this site presents considerable potential for a variety of residential projects. The sale price is $525,000. This is a remarkable opportunity to capitalize on the growing residential market in a desirable location. Serious inquiries are encouraged.

    Property Features for NPA Chesnee Hwy

    General Information

    Property type
    Other land
    Square Feet
    348,480 SF
    Price / Square Foot
    $1.51
    Elevators
    N/A
    Lot Size
    348,480 SF

    HighLights

    • Prime 8‑acre residential development site in Spartanburg, SC.
    • Conveniently located near I‑85 and Flatwood Industrial Park.
    • High traffic count of 20,000 vehicles daily on Hwy 221.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Spartanburg
    State
    South Carolina

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    FAQs

    What type of property is this?
    Land - 8-Acre Residential Development Site in Spartanburg, SC
    Where is this land located?
    The property is located at NPA Chesnee Hwy Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime 8-acre residential development site in Spartanburg, SC.; Conveniently located near I-85 and Flatwood Industrial Park.; High traffic count of 20,000 vehicles daily on Hwy 221.
    (864) 680-7916
    Request Owner's contact information
    NPA Chesnee Hwy Spartanburg, SC 29307
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    NPA Chesnee Hwy Spartanburg, SC 29307
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