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    Woodruff, SC 29388

    Sponsored
    For Sale
    $110,000

    0.4-Acre Corner Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.4-acre corner lot presents a remarkable opportunity for multifamily development in the thriving town of Woodruff, South Carolina. Ideally situated on Main Street, this property boasts a prime location just a quarter-mile from downtown Woodruff, offering convenient access to local amenities and services. The land is zoned for a six-unit duplex subdivision, making it an ideal project for developers seeking to capitalize on the significant growth projected for the Woodruff area. The Woodruff area is experiencing substantial residential expansion, with projections indicating the addition of up to 8,000 new homes by the end of 2025. This anticipated growth underscores the strong potential for rental demand in the coming years, making this property a particularly attractive investment. The site is serviced by readily available water, electric, and sewer utilities, streamlining the development process and minimizing upfront infrastructure costs. The property's three parcels are identified by the following APN numbers: 4-32-12-021.01

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    17,424 SF

    HighLights

    • 0.4‑acre corner lot in Woodruff, SC, ideal for multifamily development.
    • Prime Main Street location, a quarter‑mile from downtown Woodruff.
    • Zoned for a six‑unit duplex subdivision.
    • Strong rental demand projected due to Woodruff's anticipated 8,000 new homes by 2025.
    • Utilities (water, electric, sewer) readily available.
    • Property consists of three parcels (APN: 4‑32‑12‑021.01).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Woodruff
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0337423
    Latitude
    34.7318588

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    FAQs

    What type of property is this?
    Land - 0.4-Acre Corner Lot, Prime Location
    Where is this land located?
    The property is located at Woodruff, SC.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 0.4-acre corner lot in Woodruff, SC, ideal for multifamily development.; Prime Main Street location, a quarter-mile from downtown Woodruff.; Zoned for a six-unit duplex subdivision.
    Request Owner's contact information
    Woodruff, SC 29388
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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
    Woodruff, SC 29388
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