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    2751 New Cut Rd Spartanburg, SC 29303

    Sponsored
    For Sale
    $839,500

    73 Acres, $11,500/Acre, I-26 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 73-acre commercial development site, identified as Tract H, presents a unique investment opportunity in Spartanburg County, South Carolina. Located at 2751 New Cut Road, Spartanburg, SC 29303, this property boasts convenient access to Interstate 26, less than half a mile away, ensuring excellent connectivity for businesses. The land is currently unzoned, offering flexibility for a variety of development projects. Priced at $839,500 ($11,500 per acre), this parcel offers significant potential for a business or commerce park, or an industrial park development. The property's strategic location is further enhanced by its proximity to established businesses including Adidas, Rexam Corporation, Trimite Powders, Dare Foods, Piedmont Packaging, Vision Apparel, Zeuna Starker, and Westex. The site benefits from existing sewer infrastructure, simplifying development plans. The property's APN is 6-06-00-044.00. This prime location within a thriving industrial area, coupled with its size and accessibility, makes Tract H an attractive proposition for investors seeking significant returns. The property is part of a larger development, with only two tracts remaining. Note that the property is located within a Foreign Trade Zone.

    Property Features for 2751 New Cut Rd

    General Information

    Property type
    Land
    Lot Size
    3,179,880 SF

    HighLights

    • 123+/- acres at Wingo Park, situated at New Cut Road and Black Stock Road.
    • Two remaining tracts (A & H) available.
    • Ideal for business/commerce or industrial park development.
    • Adjacent to Adidas, Rexam, Trimite, Dare Foods, Piedmont Packaging, Vision Apparel, Zeuna Starker, and Westex.
    • Less than 0.5 miles from I‑26.
    • Located within a Foreign Trade Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Odermath USA Inc Exporter LEL International, Inc. Industrial Equipment Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0406285
    Latitude
    34.9929069

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    FAQs

    What type of property is this?
    Land - 73 Acres, $11,500/Acre, I-26 Access
    Where is this land located?
    The property is located at 2751 New Cut Rd Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $839,500.
    What are key features of this property?
    This property features: 123+/- acres at Wingo Park, situated at New Cut Road and Black Stock Road.; Two remaining tracts (A & H) available.; Ideal for business/commerce or industrial park development.
    (864) 706-0189
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    2751 New Cut Rd Spartanburg, SC 29303
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    Spartanburg, SC 29303
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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
    2751 New Cut Rd Spartanburg, SC 29303
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