300 Poinsett HwyTravelers Rest, SC 29690
- Retail properties
- 0.31 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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