Property profile

208 Exchange Village Dr Spartanburg, SC 29301

OFF-MARKET
Land
0.95 ac lot
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Property summary

AI-generated overview

This exceptional 0.95-acre commercial land parcel is ideally situated in Spartanburg, South Carolina, at 208 Exchange Village Drive East, zip code 29301. Priced at $485,000, this property presents a unique investment opportunity. Boasting a prime location directly off I-85, this lot benefits from exceptional visibility and convenient access. The site is strategically positioned near a signalized intersection and enjoys a high volume of daily traffic, with Warren H Abernathy Hwy showing 29,000 vehicles per day and I-85 boasting 98,000. Adding to its appeal, the property is surrounded by a thriving residential community, with 975 apartment units within a 0.4-mile radius. All utilities are conveniently located on-site, and necessary retention is already in place, simplifying the development process. The property's proximity to the Upward Stars Center further enhances its desirability and potential for a variety of commercial uses. This ready-to-develop lot offers significant potential for investors seeking a high-traffic location with established infrastructure. The land is zoned for commercial use and is ready for immediate development. This is an excellent opportunity to capitalize on the strong growth and development in the Spartanburg area.

Property profile

Verified
Property type Land
Lot 0.95 ac (41,382 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

208 Exchange Village Dr 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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