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    9 And Kenneth Dr Boiling Springs, SC 29316

    For Sale
    $1,000,000

    Boiling Springs development opportunity. High traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial land offering presents a prime investment opportunity in the thriving Boiling Springs, South Carolina market. Located at the intersection of Highway 9 and Kenneth Drive in Spartanburg County (zip code 29316), this property boasts two parcels totaling approximately 2.14 acres. Parcel 1, spanning 1.14 acres, is ideally suited for a retail strip or quick-service restaurant (QSR), while the adjacent 1-acre Parcel 2 presents a prime location for a QSR. Both parcels are priced at $1,000,000 per acre. The property benefits from over 30,000 vehicles per day (VPD) on Highway 9, providing exceptional visibility and accessibility. With 280 feet of frontage on Highway 9 and a location on the breakfast side of the highway, this property offers significant advantages. Further enhancing its appeal, the development is situated directly behind a new 315-unit apartment complex, ensuring a strong and growing customer base. The property is zoned for commercial use, making it ready for immediate development. This is a rare opportunity to acquire high-traffic commercial land in a rapidly expanding area. The property is offered for sale by owner.

    Property Features for 9 And Kenneth Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Both parcels are offered at $1,000,000 per acre.
    • Parcel 1 (1.14 acres) is ideal for a retail strip or QSR.
    • Parcel 2 (1 acre) is a prime location for a QSR.
    • Over 30,000 vehicles per day (VPD) on Highway 9.
    • Adjacent to a new 315‑unit apartment complex.
    • 280 feet of frontage on Highway 9.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Boiling Springs
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9662638
    Latitude
    35.0278724

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    FAQs

    What type of property is this?
    Land - Boiling Springs development opportunity. High traffic.
    Where is this land located?
    The property is located at 9 And Kenneth Dr Boiling Springs, SC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Both parcels are offered at $1,000,000 per acre.; Parcel 1 (1.14 acres) is ideal for a retail strip or QSR.; Parcel 2 (1 acre) is a prime location for a QSR.
    Request Owner's contact information
    9 And Kenneth Dr Boiling Springs, SC 29316
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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
    9 And Kenneth Dr Boiling Springs, SC 29316
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