Property profile

1599 Highway 101 Greer, SC 29651

FOR LEASE
Gas stations
Property ID
US77-0705892
5,341 SF 1.33 ac lot Built 1997
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 74-acre commercial land parcel presents a unique investment opportunity in the thriving Duncan/Greer submarket of Spartanburg County, South Carolina. Located at 1599 Highway 101, this single-tenant property boasts 4.5 acres of buildable land, zoned for unincorporated use. The property's strategic location offers unparalleled access to a rapidly expanding residential and industrial area, significantly bolstered by the presence of the BMW manufacturing plant. This prime location provides exceptional visibility and convenient access to I-85 and the Greenville/Spartanburg Airport, making it ideal for a variety of commercial ventures. The expansive lot size allows for significant development potential, catering to businesses seeking ample space for operations and expansion. With its strategic location and substantial acreage, this property is poised for significant growth and return on investment. The property's address is 1599 Highway 101, Greer, SC 29651. The zip code is 29651. This is a truly remarkable opportunity to capitalize on the robust economic growth of the region.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 1997
Construction WOOD
Total area 5,341 SF
Lot 1.33 ac (57,717 SF)
APN 5-2900-02700
UPID US77-0705892

Cap rate & NOI

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

Location

1599 Highway 101 Greer, SC 29651
Greer metro Census 23202 SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$485k

Owner & transaction history

since 2014
7 recorded transactions
2023
Price N/A
2021
Price N/A
2019
Price N/A
2018
Price N/A
2014
Price N/A
2011
$1.7M
2011
Price N/A

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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