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Property profile & analytics
OFF-MARKET
Land

201 Montgomery Rd Ext Chesnee, SC 28114

286 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 286-acre industrial land parcel presents a significant development opportunity in Mooresboro, North Carolina. Located at 201 Montgomery Rd Extension, this property boasts a strategic position near Spartanburg's market, adjacent to a zinc metal plant, and offering potential synergy with the Upstate Corporate Park. The site's proximity to major markets, including Spartanburg, Asheville, and Charlotte, makes it ideally suited for industrial or distribution uses. Originally approved by Duke Power for solar farm development, this project offers a viable alternative use with substantial leasing potential and significant tax advantages. The land's size and location provide ample space for large-scale development, catering to a variety of industrial needs. While the previous solar farm project was halted due to unforeseen circumstances, the groundwork laid provides a solid foundation for future development. This property is zoned for industrial use and offers a unique chance to capitalize on the growing demand for industrial space in the region. The property is situated in Rutherford County, NC, with a zip code of 28114, and has been verified as located in Chesnee, SC. The property's latitude and longitude coordinates are 35.1841343 and -81.8681595 respectively. This is a rare opportunity to acquire a large tract of land with significant development potential in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 286 ac (12,458,160 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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