300 Poinsett HwyTravelers Rest, SC 29690

Property Details for 300 Poinsett Hwy

Year built

1995

Lot size

0.31 AC

Zone code

C2

Property type

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.

• 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

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

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