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    126 Misty Ln Spartanburg, SC 29303

    Sponsored
    For Sale
    $650,000

    2.12 Acres, I-85 Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.12-acre commercial land parcel, located at 126 Misty Ln, Spartanburg, SC 29303, presents a unique investment opportunity. Situated just 0.3 miles from I-85, this unzoned property offers unparalleled accessibility. The site currently includes a single-family home. Parcel ID is 7-02-00-015.02. All utilities are accessible. A drone flight video is available for a comprehensive view of the property. An additional adjacent parcel of approximately 1.08 acres with frontage on Chesnee Hwy (2285 Chesnee Hwy) is also available for purchase separately, listed at $750,000. This combined acreage presents significant development potential, catering to a wide range of commercial ventures. The strategic location and substantial size make this an attractive proposition for investors seeking a prime location in Spartanburg County. The property's unzoned status allows for considerable flexibility in development plans. Serious inquiries are encouraged to explore the possibilities of this promising commercial land offering.

    Property Features for 126 Misty Ln

    General Information

    Property type
    Land
    Lot Size
    92,347 SF

    HighLights

    • 2.12‑acre commercial land parcel at 126 Misty Ln, Spartanburg, SC 29303.
    • 0.3 miles from I‑85, offering excellent accessibility.
    • Currently includes a single‑family home; Parcel ID 7‑02‑00‑015.02.
    • All utilities available.
    • Adjacent 1.08‑acre parcel (2285 Chesnee Hwy) available separately for $750,000.
    • Unzoned, allowing for flexible development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Auto Parts 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
    -81.895456748324
    Latitude
    35.022368702725

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    FAQs

    What type of property is this?
    Land - 2.12 Acres, I-85 Proximity
    Where is this land located?
    The property is located at 126 Misty Ln Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 2.12-acre commercial land parcel at 126 Misty Ln, Spartanburg, SC 29303.; 0.3 miles from I-85, offering excellent accessibility.; Currently includes a single-family home; Parcel ID 7-02-00-015.02.
    (864) 576-4660
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    126 Misty Ln 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
    126 Misty Ln Spartanburg, SC 29303
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