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    2285 Chesnee Hwy Spartanburg, SC 29303

    For Sale
    $699,000

    1.08 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.08-acre commercial land parcel presents a prime opportunity for retail development in Spartanburg, South Carolina. Strategically located at 2285 Chesnee Highway, this property boasts convenient access to all utilities and enjoys exceptional visibility due to its proximity to Interstate 85, only 0.3 miles away. The high traffic count of 70,100 vehicles further underscores the site's significant potential for attracting customers. The property is identified by Parcel ID 7-02-00-015.01 and is offered at an asking price of $699,000. A drone flight showcasing the property's location and surrounding area is available online. While this 1.08-acre parcel is a compelling investment on its own, note that an additional 2.12-acre adjacent parcel (126 Misty Land) is also available for purchase separately at an asking price of $650,000. This presents a unique opportunity to acquire a larger contiguous land holding for a more extensive development project. The property's location in Spartanburg County, South Carolina, zip code 29303, offers excellent access to a thriving community and robust infrastructure. This is a rare chance to secure a highly visible and well-situated retail development site in a rapidly growing area.

    Property Features for 2285 Chesnee Hwy

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • 1.08‑acre commercial land parcel in Spartanburg, SC, ideal for retail development.
    • High‑traffic location (70,100 VPD) on Chesnee Highway, 0.3 miles from I‑85, offering excellent visibility.
    • Parcel ID 7‑02‑00‑015.01; Asking price: $699,000.
    • Adjacent 2.12‑acre parcel (126 Misty Land) available separately for $650,000.
    • All utilities available.
    Property Profile Insight Report 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
    -81.89539368422
    Latitude
    35.022635314066

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    FAQs

    What type of property is this?
    Land - 1.08 Acres, High Traffic Area
    Where is this land located?
    The property is located at 2285 Chesnee Hwy Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 1.08-acre commercial land parcel in Spartanburg, SC, ideal for retail development.; High-traffic location (70,100 VPD) on Chesnee Highway, 0.3 miles from I-85, offering excellent visibility.; Parcel ID 7-02-00-015.01; Asking price: $699,000.
    (864) 576-4660
    Request Owner's contact information
    2285 Chesnee Hwy 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
    2285 Chesnee Hwy Spartanburg, SC 29303
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