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    Cedar Crest Rd Spartanburg, SC 29301

    Sponsored
    For Sale
    $1,210,690

    18 Acres, Unzoned, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 18.07-acre property in Spartanburg County, South Carolina, presents a unique investment opportunity. Located near I-85, I-26, and US 29, this unzoned land offers unparalleled flexibility for various commercial, industrial, or residential developments. The site boasts a picturesque setting, featuring a creek and waterfall, and enjoys convenient access to major transportation arteries, including a nearby railroad siding. Utilities are readily available through Duke Energy and Piedmont Natural Gas. The property's location within a dynamic growth corridor, surrounded by established businesses such as Adidas, FedEx, and Amazon, ensures a prime location for future development. The census tract qualifies for New Market Tax Credits, providing attractive financing incentives. Priced at $1,210,690 ($67,000/acre), this land offers significant potential for substantial returns. The absence of zoning restrictions allows for a wide range of development possibilities, making it an ideal choice for investors seeking a versatile and strategically located asset. The property's natural features, including the water element, offer additional appeal and potential for unique development concepts. This is a rare opportunity to acquire a large parcel of land in a thriving South Carolina market. The address is Cedar Crest Rd, Spartanburg, SC 29301.

    Property Features for 0 Cedar Crest Rd

    General Information

    Property type
    Land
    Lot Size
    787,129 SF

    HighLights

    • 12 units per acre density allowed.
    • Water feature provides natural privacy.
    • New Market Tax Credit eligibility.
    • Unzoned land, offering flexible development options.
    • $67,000 per acre asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.036630964419
    Latitude
    34.945338730422

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    FAQs

    What type of property is this?
    Land - 18 Acres, Unzoned, Investment Opportunity
    Where is this land located?
    The property is located at Cedar Crest Rd Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $1,210,690.
    What are key features of this property?
    This property features: 12 units per acre density allowed.; Water feature provides natural privacy.; New Market Tax Credit eligibility.
    Request Owner's contact information
    Cedar Crest Rd Spartanburg, SC 29301
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    Spartanburg, SC 29301
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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
    Cedar Crest Rd Spartanburg, SC 29301
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