This Land Property is Off-Market.

I-85 and Highway 29
Spartanburg, SC 29301 ·

0.91 - 244.30 AC · Land For Sale

N/A

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This property will be auctioned on
04/20/2011 2:00 PM EST

Auction Location:

Hampton Inn – Greenville/Spartanburg I-85

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This property was auctioned on 04/20/2011 {{displayTime | date:'hh:mm a'}} EST

Disclosed Minimum Bid Land Auction: I-85 & HWY 29

Price N/A Auction Yes
Lot Size 0.91 - 244.30 AC Total Lot Size 450 AC
Property Type Land Zoning Description No Zoning in Spartanburg County
Property Sub-type
Multifamily (land)
More...
  • Industrial (land)
  • Retail-Pad (land)
  • Commercial/ Other (land)
Features
  • Electricity/Power
  • Water
  • Telephone
  • Cable
  • Gas/Propane
Property Use Type Vacant/Owner-User
Listing ID: 17065142 Date Created: 03/14/2011 Last Updated: 06/01/2011

12 Lots

Lot 1

Lot Size 44.07 AC Commission Split 1.5%
Lot Type Commercial/Other (land)

Proposed Use: Industrial or Recreational with Rail (Norfolk Southern); Last List Price: $12,500 per acre; Will Sell At or Above: $2,900 per acre + BP

Lot 2

Lot Size 83 AC Commission Split 1.5%
Lot Type Industrial (land)

Proposed Use: Industrial, Manufacturing, or Recreational with I-85 Frontage, Access via Hwy 129, and water frontage on North Tyger River; Last List Price: $17,500 per acre; Will Sell At of Above: $6,200 per acre+ BP

Lot 3

Lot Size 244.30 AC Commission Split 1.5%
Lot Type Industrial (land)

Proposed Use: Industrial, Manufacturing, or Recreational with Rail access (Norfolk Southern), I-85 frontage, access to the site from Hwy 129 and Hwy 29; Last List Price: $15,000 per acre; Will Sell At or Above: $3,200 per acre+ BP

Lot 4

Lot Size 5.50 AC Commission Split 1.5%
Lot Type Full Service

Proposed Use: Retail land with frontage on Hwy 29, I-85, and entrance ramp; Last List Price: $250,000 per acre; Will Sell At or Above: $100,000 per acre + BP

Lot 5.1

Lot Size 3.40 AC Commission Split 1.5%
Lot Type Industrial-Business Park

(5) Offerings - Proposed Use: Spartan Exchange Industrial Park, Sites sold based on proposed layout. Two tracts already sold, 5 available ranging in size; Last List Price: $45,000 per acre; Will Sell At or Above: $20,000 per acre+ BP

Lot 5.2

Lot Size 4.90 AC Commission Split 1.5%
Lot Type Industrial (land)

(5) Offerings - Proposed Use: Spartan Exchange Industrial Park, Sites sold based on proposed layout. Two tracts already sold, 5 available ranging in size; Last List Price: $45,000 per acre; Will Sell At or Above: $20,000 per acre+ BP

Lot 5.3,6,7

Lot Size 6.90 AC Max. Contiguous 22.50 AC
Lot Type Industrial-Business Park Commission Split 1.5%
Min. Divisible 6.50 AC

(5) Offerings - Proposed Use: Spartan Exchange Industrial Park, Sites sold based on proposed layout. Two tracts already sold, 5 available ranging in size; Last List Price: $45,000 per acre; Will Sell At or Above: $20,000 per acre+ BP

Lot 6

Lot Size 29.49 AC Commission Split 1.5%
Lot Type Industrial (land)

Proposed Use: Industrial Tract with rail access (CSX RR), Frontage on both I-85 and Hwy 29. Previously proposed SCDOT RR crossing approved for adequate user; Last List Price: $45,000 per acre; Will Sell At or Above: $14,000 per acre + BP

Lot 7.10

Lot Size 0.91 AC Commission Split 1.5%
Lot Type Retail Pad

(5) Offerings - Proposed Use: Retail, Restaurant, Office Pad that is ready to build on; Last List Price: $400,000 per acre; Will Sell At or Above: $100,000 per acre + BP

Lot 7.14

Lot Size 0.92 AC Commission Split 1.5%
Lot Type Retail Pad

(5) Offerings - Proposed Use: Retail, Restaurant, Office Pad that is ready to build on; Last List Price: $400,000 per acre; Will Sell At or Above: $100,000 per acre + BP

Lot 7.4,5,6

Lot Size 1.38 AC Max. Contiguous 4.03 AC
Lot Type Retail Pad Commission Split 1.5%
Min. Divisible 1.30 AC

(5) Offerings - Proposed Use: Retail, Restaurant, Office Pad that is ready to build on; Last List Price: $400,000 per acre; Will Sell At or Above: $100,000 per acre + BP

Lot 7.4,5,6

Lot Size 4.03 AC Max. Contiguous 4.03 AC
Lot Type Retail Pad Commission Split 1.5%
Min. Divisible 1.30 AC

(5) Offerings - Proposed Use: Retail, Restaurant, Office Pad that is ready to build on; Last List Price: $400,000 per acre; Will Sell At or Above: $100,000 per acre + BP

Description

Description:
This is a rare offering of 450+/- Acres of development land in 15 separate tracts. The property offers over 7800 feet of frontage on I-85, over one mile of river frontage on the North Tyger River, and excellent topography. These tracts are strategically located on the booming I-85 corridor between Atlanta, GA and Charlotte, NC just miles from BMW' s North American Assembly Plant. Excellent access to the various tracts is provided from Highway 29 (Exit 66) and also from Highway 129 (Exit 68). These tracts are perfect for investors, developers, or corporations interested in prime industrial, hotel, retail, office, or multi-family opportunities in the vibrant Upstate SC market. Don' t miss this rare opportunity to own a piece of valuable multi-use land for pennies on the dollar! Accepting Pre-Auction Bids.

Inspections:
Inspect at your own convenience Guided Tours available April 1, 8, 15, 18 & 19. We suggest reserving an appointment to ensure gates are open and allowing 2-3 hours to tour the properties with a representative who can answer your questions.

Directions to Property:
From Charlotte: Take I-85 South for approximately 69 miles to Exit 68 (Hwy 129) or Exit 66 (Hwy 29). Look for Auction signs.
From Atlanta: Take I-85 North for approximately 162 miles to Exit 66 (Hwy 29) or Exit 68 (Hwy 129). Look for Auction signs.

Terms of Sale: 10% Buyers Premium. 1.5% Broker participation offered. No representations or warranties, expressed, written or implied by the Seller or Auctioneer. All property is being sold "AS-IS, WHERE-IS". Contact National Commercial Auctioneers for complete terms of Sale.

Thomas R. Ligon, CAI, SC Auctioneer #1716; Broker SC 17640
National Commercial Auctioneers, SC Auction Firm #3970

In cooperation with the Lyons Group, LLC. Robert W Lyons, CCIM, AARE, SC Auctioneer #3630; Broker SC 18212, Adam D. Padgett SC 60977

Highlights

  • UNZONED LAND - Many Potential Uses

Utilities

  • Electricity/Power
  • Water
  • Telephone
  • Cable
  • Gas/Propane

Research

I-85 and Highway 29, Spartanburg, SC 29301 (Spartanburg County)

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