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    208 Exchange Village Dr Spartanburg, SC 29301

    For Sale
    $485,000

    0.95-acre lot, $485,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.95-acre commercial land parcel is ideally situated in Spartanburg, South Carolina, at 208 Exchange Village Drive East, zip code 29301. Priced at $485,000, this property presents a unique investment opportunity. Boasting a prime location directly off I-85, this lot benefits from exceptional visibility and convenient access. The site is strategically positioned near a signalized intersection and enjoys a high volume of daily traffic, with Warren H Abernathy Hwy showing 29,000 vehicles per day and I-85 boasting 98,000. Adding to its appeal, the property is surrounded by a thriving residential community, with 975 apartment units within a 0.4-mile radius. All utilities are conveniently located on-site, and necessary retention is already in place, simplifying the development process. The property's proximity to the Upward Stars Center further enhances its desirability and potential for a variety of commercial uses. This ready-to-develop lot offers significant potential for investors seeking a high-traffic location with established infrastructure. The land is zoned for commercial use and is ready for immediate development. This is an excellent opportunity to capitalize on the strong growth and development in the Spartanburg area.

    Property Features for 208 Exchange Village Dr

    General Information

    Property type
    Land
    Lot Size
    41,382 SF

    HighLights

    • High‑traffic location directly off I‑85, offering exceptional visibility and convenient access.
    • 975 apartment units within a 0.4‑mile radius.
    • Situated at a signalized intersection.
    • Adjacent to the Upward Stars Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waffle House Breakfast Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Auto Parts Store Gym & Fitness Kitchen & Bath Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0655052
    Latitude
    34.9377404

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    FAQs

    What type of property is this?
    Land - 0.95-acre lot, $485,000
    Where is this land located?
    The property is located at 208 Exchange Village Dr Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: High-traffic location directly off I-85, offering exceptional visibility and convenient access.; 975 apartment units within a 0.4-mile radius.; Situated at a signalized intersection.
    Request Owner's contact information
    208 Exchange Village Dr Spartanburg, SC 29301
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    Spartanburg, SC 29301
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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
    208 Exchange Village Dr Spartanburg, SC 29301
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