This exceptional 0.95-acre commercial outparcel presents a unique investment opportunity in the thriving Travelers Rest, South Carolina market. Located at 550 Roe Center Ct, 29690, this single-tenant land parcel is situated within the rapidly expanding Greenville MSA. Travelers Rest boasts a population of nearly 8,000 residents and has experienced remarkable 70% population growth over the past decade, making it the fastest-growing town in the Greenville MSA. The property's strategic location offers unparalleled access to the adjacent Pinestone Mixed-use Development, a significant project encompassing 350 residential units and 77,000 square feet of commercial space. This development is poised to transform downtown Travelers Rest and significantly benefit surrounding retail businesses. The site's ideal location and the area's impressive growth trajectory make this an exceptional opportunity for businesses seeking a prominent presence in a dynamic and expanding community. The property is zoned for commercial use and offers significant potential for a variety of development projects. This is a rare chance to acquire a prime piece of land in one of South Carolina's most exciting growth markets. Contact us today to learn more about this exceptional opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$119,062,800
6.5%
$109,904,128
7%
$102,053,832
Comparable approach
Method
Valuation
Relative Method
$65,684,264
Geo Method
$65,684,264
Alternative Use
Use
Valuation
Residential
$92,708,240
Hospitality
$84,920,248
Educational
$70,652,656
Medical
$73,082,504
Retail
$109,904,128
Location Insight
City
Travelers Rest
County
Greenville
State
South Carolina
Latitude
34.9598
Longitude
-82.4376
CBSA code
24860
CBSA name
GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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