Property profile

0 Laurel Glen Cir Spartanburg, SC 29301

OFF-MARKET
Land
4 ac lot
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Property summary

AI-generated overview

This exceptional 4-acre commercial land parcel presents a unique investment opportunity in Spartanburg, South Carolina. Strategically located near the intersection of I-26 and Reidville Road, this property boasts high visibility and accessibility, benefiting from significant daily traffic counts on I-26, averaging 31,700 vehicles per day. The site's versatility allows for a range of commercial, industrial, or even residential development possibilities. Its proximity to a recently sold neighboring parcel, now under construction as an apartment complex, further underscores the area's strong growth trajectory. The property is identified by Spartanburg County TMS #6-24-00-082.00. Priced at $150,000 per acre, this offering represents a compelling value proposition for developers seeking a prime location in a thriving market. Note that the land is not currently zoned and is subject to Spartanburg County Land Use Ordinances. This presents an opportunity to shape the future development according to specific project needs and vision. The address is Laurel Glen Circle, Spartanburg, SC 29301. This is a rare opportunity to acquire a substantial parcel of land in a high-demand area.

Property profile

Verified
Property type Land
Lot 4 ac (174,240 SF)

Cap rate & NOI

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

Location

Laurel Glen Cir Spartanburg, SC 29301
Spartanburg metro
Google Maps

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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