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Property profile & analytics
FOR SALE
Grocery and convenience stores

2199 Chesnee Hwy Spartanburg, SC 29303

1,800 SF 1 ac lot Built 1996
Entity Owned 3-yr Hold Free & Clear
Property ID
US77-0593253
Property summary
AI-generated overview

This exceptional 0.68-acre commercial land parcel presents a prime investment opportunity in Spartanburg, South Carolina. Strategically located at the intersection of Chesnee Highway and I-85, this property boasts unparalleled visibility and accessibility. Situated at Exit 78 of I-85 Northbound, it benefits from over 76,000 vehicles passing daily, ensuring high exposure for any commercial venture. The lot's ideal location makes it perfect for businesses such as gas stations or fast-food restaurants seeking high-traffic exposure. All utilities are readily available on-site, simplifying development and operational costs. The property is identified by Spartanburg County Tax Map # 7-02-00-058.04. The asking price is $275,000. Please note that any existing billboard is not included in the sale. This is a rare opportunity to acquire a highly visible commercial lot in a thriving area with significant daily traffic volume. Don't miss out on this chance to establish your business in a prime location. The address is 2199 Chesnee Hwy, Spartanburg, SC 29303.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1996
Construction CONCRETE BLOCKS
Total area 1,800 SF
Lot 1 ac (43,734 SF)
APN 7-0200-05800
UPID US77-0593253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hunt Brothers Pizza Restaurant
  • 76 Gas Station
  • ATM (Citgo Corner Mart) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.52M
Owner & transaction history
Gpm Empire LLC · 3 yrs held
Gpm Empire LLC
since 2023
Last sale
$2.0M
5 recorded transactions
2023
Price N/A
2023
$2.0M
2021
$303,000
2021
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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