1599 Highway 101Greer, SC 29651

Property Details for 1599 Highway 101

Year built

1997

Construction

WOOD

Lot size

1.33 AC

Property size (Sq ft)

5,341 SF

Property type

Retail properties

Property subtype

Gas stations

APN

5-2900-02700

APU

5290002700

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,516,326

  6.5%

  $1,399,685

  7%

  $1,299,708

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,108,106

  Geo Method

  $1,108,106

• Alternative Use

  Use

  Valuation

  Residential

  $1,180,687

  Hospitality

  $1,081,503

  Educational

  $899,798

  Medical

  $930,743

  Retail

  $1,399,685

Location Insight

City

Greer

County

Spartanburg

State

South Carolina

Latitude

34.8952

Longitude

-82.1623

CBSA code

43900

CBSA name

SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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