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    459 Wofford St Spartanburg, SC 29301

    For Sale
    Contact for pricing

    3.88 Acres, B3 Zoning, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3.88-acre commercial land parcel presents a unique investment opportunity in the heart of Spartanburg, South Carolina. Located at 459 Wofford Street, this property boasts a prime B3 zoning designation, allowing for a diverse range of development possibilities, including multifamily projects such as apartments, townhomes, and condos. The site is strategically situated within a designated Opportunity Zone, offering significant tax advantages for qualified investors. Detailed preliminary site plans and progress architectural drawings are available for review, streamlining the development process. This location offers unparalleled convenience and accessibility, situated just 0.5 miles from the new baseball stadium and adjacent to a substantial $55 million townhome development, a $13 million city police station, a fire department station, and the Dan (rail trail). This combination of prime location, flexible zoning, and existing infrastructure makes this property an ideal platform for a lucrative commercial venture. The asking price for this exceptional opportunity is $1,400,000. The property's address is 459 Wofford St, Spartanburg, SC 29301, within Spartanburg County.

    Property Features for 459 Wofford St

    General Information

    Property type
    Land
    Lot Size
    169,013 SF

    HighLights

    • 3.8‑acre parcel zoned B3, allowing for apartments, townhomes, and condos.
    • Preliminary site plans and architectural drawings available.
    • 0.5 miles from a new baseball stadium.
    • Adjacent to a $55 million townhome development.
    • Adjacent to a $13 million Spartanburg Police Station.
    • Adjacent to a fire station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9438169
    Latitude
    34.9496463

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    FAQs

    What type of property is this?
    Land - 3.88 Acres, B3 Zoning, Opportunity Zone
    Where is this land located?
    The property is located at 459 Wofford St Spartanburg, SC.
    What are key features of this property?
    This property features: 3.8-acre parcel zoned B3, allowing for apartments, townhomes, and condos.; Preliminary site plans and architectural drawings available.; 0.5 miles from a new baseball stadium.
    Request Owner's contact information
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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
    459 Wofford St Spartanburg, SC 29301
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