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    998 Blacksburg Hwy Blacksburg, SC 29702

    For Sale
    $16,900,000

    425 acres, prime location, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 425-acre land parcel presents a significant investment opportunity in Cherokee County, South Carolina. Strategically located at 998 Blacksburg Highway in Blacksburg (zip code 29702), this property boasts 3,000 feet of frontage along Interstate 85, a major transportation artery with a daily traffic volume of 57,300 vehicles. All utilities are available, including recently secured sewer access, making this site ready for immediate development. Its proximity to major metropolitan areas is a key advantage: Charlotte is 45 miles away, Greenville is 60 miles, and Spartanburg is 30 miles. The property's location within an Opportunity Zone further enhances its investment appeal, offering potential tax benefits. Adding to its desirability is the proximity to the $700 million Catawba Two Kings Casino development, approximately 10 miles north on I-85, currently under construction and slated for completion in early 2026. The APN numbers for this expansive property are: 153-00-00-027.002; 153-00-00-026.002; 153-00-00-004.000; 153-00-00-027.001; 153-00-00-052.000; 153-00-00-003.001; 153-00-00-004.000; 153-00-00-044.000; 153-00-00-048.000; 153-00-00-024.000; 153-00-00-028.000; 153-00-00-027.000. The asking price for this remarkable property is $16,900,000. Ownership is held by Barry E. Bailey.

    Property Features for 998 Blacksburg Hwy

    General Information

    Property type
    Land
    Lot Size
    18,513,000 SF

    HighLights

    • $16,900,000 asking price.
    • 425‑acre land parcel.
    • All utilities available, including sewer.
    • 3,000 feet of I‑85 frontage with 57,300 vehicles per day.
    • Proximity to major markets: 45 miles to Charlotte, 60 miles to Greenville, 30 miles to Spartanburg.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Hotel & Motel Auto Parts Store Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.536788590652
    Latitude
    35.128601245798

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    FAQs

    What type of property is this?
    Land - 425 acres, prime location, high traffic.
    Where is this land located?
    The property is located at 998 Blacksburg Hwy Blacksburg, SC.
    What is the asking price?
    The asking price for this property is $16,900,000.
    What are key features of this property?
    This property features: $16,900,000 asking price.; 425-acre land parcel.; All utilities available, including sewer.
    Request Owner's contact information
    998 Blacksburg Hwy Blacksburg, SC 29702
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    Blacksburg, SC 29702
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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
    998 Blacksburg Hwy Blacksburg, SC 29702
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