Property profile

0 Chesnee Highway Ext Spartanburg, SC 29303

OFF-MARKET
Land
1.63 ac lot
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Property summary

AI-generated overview

This exceptional 1.63-acre parcel of land presents a remarkable investment opportunity in Spartanburg County, South Carolina. Strategically located on Chesnee Highway, this property boasts exceptional visibility and accessibility, situated adjacent to and behind a Wendy's restaurant. The high traffic counts of both Chesnee Highway (18,600 cars daily) and I-85 (58,300 cars daily) ensure significant exposure for any future development. All utilities are readily available, with a sewer main already on-site, simplifying the development process and minimizing upfront costs. The property's zoning allows for a variety of uses, making it ideal for a hotel, office building, or other commercial ventures. This prime location offers unparalleled potential for substantial returns. A portion of the property is identified by Spartanburg County Tax Map Number 7-02-00-037.01. The asking price for this exceptional land is $326,000. Don't miss this chance to acquire a highly desirable commercial property in a thriving area. The 29303 zip code offers easy access to major transportation routes and a vibrant local community. This is a rare opportunity to secure a well-positioned site with significant development potential.

Property profile

Verified
Property type Land
Lot 1.63 ac (71,003 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Chesnee Highway Ext Spartanburg, SC 29303
Spartanburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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