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Prime 5-Acre Investment Opportunity at HWY 101 & HWY 146 This rare 5-acre property offers unmatched investment potential in one of South Carolina’s fastest-growing regions. Perfectly situated at the intersection of HWY 101 and HWY 146 (Woodruff Road) and just 8 miles from I-85, this site provides exceptional visibility and immediate access to major transportation corridors. The surrounding area is experiencing explosive growth. Spartanburg ranks #3 nationally for new construction, with over 3, 000 new homes being built within a 4-mile radius. The largest community development in the region sits directly across the street, driving strong demand for commercial and residential expansion. The property itself is level, fully fenced, and graded, featuring a drainage pond already in place. With 250+ feet of road frontage, it supports a wide range of potential uses—including storage facilities, RV parks, residential developments, mixed-use projects, industrial applications, and various commercial ventures. Growth projections further enhance this site’s appeal: the Spartanburg metro is ranked #10 nationally in 2024, with new residents arriving daily. Major employers nearby—most notably the upcoming BMW plant projected to bring over 500 jobs by 2026—add to the area’s economic momentum. With no competing storage facilities in the immediate area and rapid development all around, this tract offers a prime opportunity for high demand uses. Its location places you just 15 minutes from GSP Airport, BMW, and the downtown districts of Greer and Woodruff. Don’t miss the chance to secure a valuable position in this thriving growth corridor!
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Our Executive Mortgage Banker:
$2,300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,840,000 | $1,840,000 | $1,840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.259% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,884 | $11,180 | $15,527 |
| Total Monthly Payment | $11,009 | $11,305 | $15,652 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.