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    2980 Reidville Rd Spartanburg, SC 29301

    Sponsored
    For Sale
    $600,000

    Prime 1.05-acre commercial lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.05-acre commercial outparcel, located at 2980 Reidville Road in Spartanburg, South Carolina, presents a unique investment opportunity. Situated at the entrance of Waters Edge Apartments, a newly developed 264-unit luxury apartment complex (completed in 2022), this property boasts significant visibility and accessibility. The lot has already undergone rough grading, and all utilities are conveniently located on-site, simplifying development plans. With over 200 linear feet of road frontage on Reidville Road, the property benefits from an estimated daily traffic count of approximately 30,200 vehicles. Its strategic location offers easy access to Interstate 26, within approximately 1.1 miles, ensuring excellent connectivity for potential businesses and customers. The property's Spartanburg County Tax Map number is 6-24-00-017.01. This prime location, coupled with its readily available infrastructure and high traffic volume, makes it an ideal site for a variety of retail developments. The asking price for this exceptional property is $600,000.

    Property Features for 2980 Reidville Rd

    General Information

    Property type
    Land
    Lot Size
    45,738 SF

    HighLights

    • Spartanburg County Tax Map: 6‑24‑00‑017.01
    • ±1.05‑Acre Commercial Outparcel
    • Site is rough graded with utilities on‑site
    • Located at the entrance to the 264‑unit Waters Edge Apartments (completed 2022)
    • Over 200 linear feet of Reidville Road frontage
    • Approx. 30,200 VPD traffic count
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0098665
    Latitude
    34.9148685

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    FAQs

    What type of property is this?
    Land - Prime 1.05-acre commercial lot, high traffic.
    Where is this land located?
    The property is located at 2980 Reidville Rd Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Spartanburg County Tax Map: 6-24-00-017.01; ±1.05-Acre Commercial Outparcel; Site is rough graded with utilities on-site
    Request Owner's contact information
    2980 Reidville 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
    2980 Reidville Rd Spartanburg, SC 29301
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