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    201 Montgomery Rd Ext Chesnee, SC 28114

    For Sale
    Contact for pricing

    Prime Industrial Land, Exceptional Location, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 286-acre industrial land parcel presents a significant development opportunity in Mooresboro, North Carolina. Located at 201 Montgomery Rd Extension, this property boasts a strategic position near Spartanburg's market, adjacent to a zinc metal plant, and offering potential synergy with the Upstate Corporate Park. The site's proximity to major markets, including Spartanburg, Asheville, and Charlotte, makes it ideally suited for industrial or distribution uses. Originally approved by Duke Power for solar farm development, this project offers a viable alternative use with substantial leasing potential and significant tax advantages. The land's size and location provide ample space for large-scale development, catering to a variety of industrial needs. While the previous solar farm project was halted due to unforeseen circumstances, the groundwork laid provides a solid foundation for future development. This property is zoned for industrial use and offers a unique chance to capitalize on the growing demand for industrial space in the region. The property is situated in Rutherford County, NC, with a zip code of 28114, and has been verified as located in Chesnee, SC. The property's latitude and longitude coordinates are 35.1841343 and -81.8681595 respectively. This is a rare opportunity to acquire a large tract of land with significant development potential in a rapidly growing area.

    Property Features for 201 Montgomery Rd Ext

    General Information

    Property type
    Land
    Lot Size
    12,458,160 SF

    HighLights

    • 286‑acre industrial land parcel in Mooresboro, NC, near Spartanburg, SC.
    • Strategically located near Spartanburg's market and Upstate Corporate Park, adjacent to a zinc metal plant.
    • Zoned for industrial use and suitable for large‑scale industrial or distribution development.
    • Previously approved for solar farm development by Duke Power, offering significant tax advantages and leasing potential.
    • Located in Rutherford County, NC (28114), near Chesnee, SC (35.1841343, -81.8681595).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesnee
    County
    Rutherford
    State
    South Carolina
    Longitude
    -81.8681595
    Latitude
    35.1841343

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, Exceptional Location, Development Potential
    Where is this land located?
    The property is located at 201 Montgomery Rd Ext Chesnee, SC.
    What are key features of this property?
    This property features: 286-acre industrial land parcel in Mooresboro, NC, near Spartanburg, SC.; Strategically located near Spartanburg's market and Upstate Corporate Park, adjacent to a zinc metal plant.; Zoned for industrial use and suitable for large-scale industrial or distribution development.
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    Chesnee, SC 28114
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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
    201 Montgomery Rd Ext Chesnee, SC 28114
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