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Approved Mobile Home Park Development
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1518 Farley Ave, Spartanburg, SC 29301

26-lot mobile home park development opportunity near downtown Spartanburg.

Property SizeContact for details
Days on Market959

Property Features for 1518 Farley Ave

General Information

Standard status Active
Class A
Property subtype Mobile Home Park
Investment Type Value Add

Building Details

Year Built 2024
Units 25
Listing Agency: Diamond Investments
Listed By: Jace Perry · License #SC
Source: Crexi
Added: Jan 18, 2024 Changed: Aug 23 Last Checked: Sep 3 at 11:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Diamond Investments

Investment Insights

Based on property information with market context.

This is an opportunity to develop a 26-lot mobile home park near downtown Spartanburg, SC. The county has approved plans for the development. Streets are to be asphalt to create an A-class community. Based on market comparisons, lot rents are projected at $900 per month, with a potential stabilized value of $2,275,000 based on lot rent alone. Additional income may be generated through a portion of each mobile home sold. The property is located at 1518 Farley Ave, Spartanburg, SC 29301.

Key Highlights

  • Approved plans for a 26‑lot mobile home park.
  • Located within blocks of downtown Spartanburg, SC.
  • Projected lot rents of $900/month.

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Nail Salon Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

143
Businesses Nearby

Demographics for 29301, SC

34,531
Population
16,020
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
27.5 sq mi
ZIP Area
1,256
Density / Sq Mi
$56,606
Median Household Income
$37,761
Median Earnings
$1,126
Median Rent
$200,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - 26-lot mobile home park development opportunity near downtown Spartanburg.
Where is this mobile home & rv park located?
The property is located at 1518 Farley Ave Spartanburg, SC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Approved plans for a 26‑lot mobile home park.; Located within blocks of downtown Spartanburg, SC.; Projected lot rents of $900/month.
More about this property
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