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    2214 Chesnee Hwy Spartanburg, SC 29303

    For Sale
    $425,000

    1.63 Acres, High Traffic Area, Utilities Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.63-acre commercial land parcel presents a remarkable investment opportunity in Spartanburg, South Carolina. Strategically located at 2214 Chesnee Highway, this property boasts high visibility and accessibility due to its adjacency to a Wendy's restaurant. The site benefits from readily available utilities, including a sewer main already on-site, simplifying development plans. Its commercial zoning permits a wide range of uses, making it ideal for various commercial ventures. Consider its potential as a hotel or office complex, capitalizing on the significant traffic flow in the area. Data from 2022 MPSI indicates approximately 58,000 vehicles traverse I-85 daily, while Chesnee Highway sees roughly 19,150 cars per day, ensuring substantial exposure for any development. A portion of the property is identified by Spartanburg County TMS# 7-02-00-037.01. The asking price for this prime commercial land is $425,000. This property's location and accessibility make it a compelling investment prospect with significant potential for future growth and return. The convenient access to utilities and high traffic counts make this a truly unique opportunity in a thriving commercial corridor. Don't miss this chance to acquire a valuable piece of Spartanburg real estate.

    Property Features for 2214 Chesnee Hwy

    General Information

    Property type
    Land
    Lot Size
    71,003 SF

    HighLights

    • $425,000 asking price for 1.63 acres of commercially zoned land.
    • Located at 2214 Chesnee Hwy, Spartanburg, SC 29303 (APN: 7‑02‑00‑037.01).
    • Adjacent to Wendy's with all utilities available, including sewer.
    • High traffic counts: I‑85 (58,000+ cars/day) and Chesnee Hwy (19,150+ cars/day).
    • Suitable for hotel or office development.
    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
    -81.8942132
    Latitude
    35.021296

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    FAQs

    What type of property is this?
    Land - 1.63 Acres, High Traffic Area, Utilities Available
    Where is this land located?
    The property is located at 2214 Chesnee Hwy Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for 1.63 acres of commercially zoned land.; Located at 2214 Chesnee Hwy, Spartanburg, SC 29303 (APN: 7-02-00-037.01).; Adjacent to Wendy's with all utilities available, including sewer.
    (864) 706-0877
    Request Owner's contact information
    2214 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
    2214 Chesnee Hwy Spartanburg, SC 29303
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