300 Poinsett HwyTravelers Rest, SC 29690

  • Retail properties
  • 0.31 AC
For Sale
$1,350,000 View listing

Property Details for 300 Poinsett Hwy

Year built
1995
Lot size
0.31 AC
Zone code
C2
Property type
Retail properties
Property subtype
Retail space
APN
0497.00-05-039.00
APU
497000503900

Description

This exceptional 1.36-acre commercial land parcel presents a rare development opportunity in the thriving Travelers Rest, South Carolina market. Strategically located between Downtown Travelers Rest and Highway 25 Bypass, this property enjoys high visibility and convenient access, just 0.7 miles from the vibrant downtown area and only 9.5 miles from Greenville's city center. The property is zoned C2 & R-M by the City of Travelers Rest, offering flexibility for a variety of uses, and is easily adaptable for multifamily or mixed-use development. Adding to its appeal, the site includes a roughly 2,650-square-foot condemned building, and boasts multiple access points from N. Poinsett Hwy., Hemlock Dr., and Thomas Dr. Four parcels are included, identified by Greenville County Tax Map Numbers 0497000503900, 0497000503800, 0497000504000, and 0497000500701. Further enhancing its value, the ongoing beautification of N. Poinsett Hwy. includes the extension of the Swamp Rabbit Trail directly across the street, scheduled for completion by the end of 2024. The property's proximity to Gateway Elementary School, Northwest Middle School, Travelers Rest High School, and Furman University adds to its long-term potential. This is an unparalleled chance to capitalize on the area's robust growth and create a significant investment. The asking price is $1,350,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,094,676
    6.5%
    $4,702,778
    7%
    $4,366,865
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,810,618
    Geo Method
    $2,810,618
  • Alternative Use

    Use
    Valuation
    Residential
    $3,966,969
    Hospitality
    $3,633,722
    Educational
    $3,023,214
    Medical
    $3,127,187
    Retail
    $4,702,778
300 Poinsett Hwy, Travelers Rest, South Carolina

Location Insight

City
Travelers Rest
County
Greenville
State
South Carolina
Latitude
34.9725
Longitude
-82.4334
CBSA code
24860
CBSA name
GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,786
$4,430
$160
$4,590
-
-
-
$82,560

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