Property profile

0 Chesnee Hwy Spartanburg, SC 29303

OFF-MARKET
Land
3.2 ac lot
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Property summary

AI-generated overview

This exceptional 3.2-acre parcel, located at 2285 Chesnee Hwy and 126 Misty Lane in Spartanburg, South Carolina (zip code 29303), presents a prime opportunity for retail development. The property is conveniently situated just 0.3 miles from I-85, boasting impressive daily traffic counts of 70,100 vehicles. All utilities are readily accessible. The land is currently unzoned, offering flexibility for various development plans. The property comprises two parcels (Parcel IDs 7-02-00-015.01 and 7-02-00-015.02) and is divisible, allowing for tailored acquisitions. One parcel, encompassing approximately 1.08 acres at 2285 Chesnee Hwy, is available for $699,000 (originally listed at $750,000). The second parcel, situated at 126 Misty Lane, covers approximately 2.12 acres and is priced at $650,000. The combined asking price for the entire 3.2-acre tract is $1,349,000. This strategic location and flexible zoning make this an ideal investment for discerning developers seeking high-visibility commercial space in a thriving area. Further details, including drone footage, are available upon request.

Property profile

Verified
Property type Land
Lot 3.2 ac (139,392 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 Hwy Spartanburg, SC 29303
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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