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    Chesnee Hwy Spartanburg, SC 29303

    Sponsored
    For Sale
    $1,349,000

    3.2 Acres Retail Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.2-acre parcel, located at 2285 Chesnee Hwy and 126 Misty Lane in Spartanburg, South Carolina (zip code 29303), presents a prime opportunity for retail development. The property is conveniently situated just 0.3 miles from I-85, boasting impressive daily traffic counts of 70,100 vehicles. All utilities are readily accessible. The land is currently unzoned, offering flexibility for various development plans. The property comprises two parcels (Parcel IDs 7-02-00-015.01 and 7-02-00-015.02) and is divisible, allowing for tailored acquisitions. One parcel, encompassing approximately 1.08 acres at 2285 Chesnee Hwy, is available for $699,000 (originally listed at $750,000). The second parcel, situated at 126 Misty Lane, covers approximately 2.12 acres and is priced at $650,000. The combined asking price for the entire 3.2-acre tract is $1,349,000. This strategic location and flexible zoning make this an ideal investment for discerning developers seeking high-visibility commercial space in a thriving area. Further details, including drone footage, are available upon request.

    Property Features for 0 Chesnee Hwy

    General Information

    Property type
    Land
    Lot Size
    139,392 SF

    HighLights

    • $1,349,000 asking price for 3.2 acres of commercial land.
    • Located at 2285 Chesnee Hwy and 126 Misty Lane, Spartanburg, SC 29303.
    • Unzoned, with access to all utilities and proximity to I‑85 (0.3 miles).
    • High traffic count of 70,100 vehicles.
    • Parcel IDs 7‑02‑00‑015.01 and 7‑02‑00‑015.02; subdividable.
    • Individual parcels available: 1.08+/- acres at $699,000 (originally $750,000) and 2.12+/- acres at $650,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9058871
    Latitude
    35.0078613

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    FAQs

    What type of property is this?
    Land - 3.2 Acres Retail Development Land
    Where is this land located?
    The property is located at Chesnee Hwy Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $1,349,000.
    What are key features of this property?
    This property features: $1,349,000 asking price for 3.2 acres of commercial land.; Located at 2285 Chesnee Hwy and 126 Misty Lane, Spartanburg, SC 29303.; Unzoned, with access to all utilities and proximity to I-85 (0.3 miles).
    (864) 576-4660
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    Chesnee Hwy 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
    Chesnee Hwy Spartanburg, SC 29303
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