Property profile

2147 Chesnee Hwy Spartanburg, SC 29303

OFF-MARKET
Land
Property ID
US77-0965745
10.27 ac lot
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Property summary

AI-generated overview

This exceptional 10.27-acre property presents a unique investment opportunity on the rapidly growing Chesnee Highway (Highway 221) in Spartanburg, South Carolina. The land is zoned for both commercial and residential use, offering considerable flexibility for development. Situated conveniently near major industrial developments within a one-mile radius, this location benefits from excellent access to Interstate 85 via Exit 78, ensuring seamless connectivity to regional transportation networks. A well-maintained brick house is situated on the road frontage, adding potential value and immediate usability. The property's expansive size and strategic location make it ideal for a variety of uses, from industrial expansion to mixed-use development. The asking price is $1,250,000. The property's APN is 7-05-00-002.00. This prime piece of real estate in Spartanburg County offers significant potential for growth and return on investment. The property's versatility and prime location make it a highly attractive proposition for discerning investors seeking a foothold in a thriving market. Don't miss this chance to acquire a substantial parcel of land in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 10.27 ac (447,361 SF)
UPID US77-0965745

Cap rate & NOI

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

Location

2147 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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