Current Use by Public Records
- Land
Property Details for 101 Hillbrook Ln
- Lot size
- 34.96 lot acres
- Property type
- Land
Description
This exceptional 34.96-acre property in Newberry, South Carolina, presents a remarkable opportunity for residential development. Located at 101 Hillbrook Ln, Newberry, SC 29108, this fee-simple land is zoned R-8 for Medium Density Residential use, offering significant potential for a substantial residential project. The property is situated in a qualified Non-Metro Difficult Development Area (DDA) under the US Department of Housing and Urban Development, making it eligible for Low-Income Housing Tax Credits (LIHTC). Complete construction plans for an 83-lot development will convey with the sale. A traffic impact and access study has already been completed, streamlining the development process. This prime location boasts convenient access to major transportation routes and benefits from Newberry's thriving business landscape, blending small-town charm with modern amenities. The property's proximity to Newberry High School and the school district office adds to its appeal. Newberry's population growth is projected to double the national average, indicating a strong and growing market for residential development. The asking price for this exceptional opportunity is $1,730,000. This land offers a compelling investment prospect for developers seeking to capitalize on Newberry's dynamic growth and the advantages of LIHTC eligibility. The property's location between two major Metropolitan Statistical Areas (Columbia and Greenville, SC) further enhances its desirability and accessibility.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newberry
- County
- Newberry
- State
- South Carolina
- Longitude
- -81.5716
- Latitude
- 34.2847
