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    2 Groce Rd Lyman, SC 29365

    For Sale
    $350,000

    High-traffic location, development ready.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 1.9-acre commercial property presents a rare opportunity in the thriving Lyman, SC market. Situated at the last remaining prime intersection along Highway 29, this 1.09-acre corner lot at the intersection of Highway 29 and Groce Road benefits from an average daily traffic count of 37,500 vehicles. Its strategic location between Greer and downtown Spartanburg, coupled with Lyman's significant residential growth and proximity to Interstate 85, makes it an ideal site for a variety of businesses. The City of Lyman will donate a .27-acre right-of-way to the developer upon closing, further enhancing the property's value and development potential. This high-visibility location is perfect for businesses seeking maximum exposure, such as fast-food restaurants, oil change facilities, or dental offices. The property is priced competitively at $350,000, offering a compelling investment opportunity in a rapidly expanding area. Don't miss this chance to secure a prime commercial location in one of South Carolina's most dynamic markets. The property is zoned for general commercial use.

    Property Features for 2 Groce Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    82,764 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HODGE AUTO SALES ... Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lyman
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.12495
    Latitude
    34.95507

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, development ready.
    Where is this commercial real estate located?
    The property is located at 2 Groce Rd Lyman, SC.
    What is the asking price?
    The asking price for this property is $350,000.
    (864) 525-8562
    Request Owner's contact information
    2 Groce Rd Lyman, SC 29365
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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
    2 Groce Rd Lyman, SC 29365
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