516 Upper Valley Falls Road, Boiling Springs, SC, 29316 | $900,000

Attention investors and developers- this is the opportunity you've been waiting for! Located in the rapidly growing Boiling Springs area, this 5 acre property on Upper Valley Falls Rd offers unmatched visibility from I-85, dual entry points, and positioned within minutes of Pine St, Asheville Hwy, USC Upstate, and Sherman College. Whether you're looking to build, invest, or establish a commercial business, the possibilities here are endless. The property comes with a major head start: professionally designed and county approved engineering plans for a duplex development (14-units total). The approved layout spans 8 total lots—7 lots for duplexes and 1 lot for a retention pond. The sale includes all development plans, giving a new buyer the ability to start construction immediately! The site already features access to public water and an existing duplex structure, which could be finished quickly for passive income or used as a base of operations during development. The community is named “Express Falls, ” though the name can be easily changed by the next owner. With access points from Upper Valley Falls and Riviera Dr, the lot offers flexible entry and exit options. This parcel can also be zoned for commercial use. With high daily traffic counts on I-85, this is a perfect spot for a business seeking premium signage exposure. Whether your vision is to complete the approved duplex community, rezone for a larger multi-family complex, or build a commercial enterprise, this land offers a turnkey development community in a high-demand location with great visibility.

Features

  • Amenities: None
  • Lot Desc: 2 - 5 Acres, Open Lot
  • Elem. School: Hendrix
  • Middle School: Boiling Springs
  • High School: Boiling Springs
  • MLS#: 1560624
  • Days on Market: 207 days
  • Website: https://www.raveis.com
    /prop/1560624/516uppervalleyfallsroad_boilingsprings_sc?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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516 Upper Valley Falls Road, Boiling Springs, SC, 29316

$900,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $720,000 $720,000 $720,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.241% 6.110% 5.972%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,088 $4,317 $5,979
Total Monthly Payment $4,180 $4,409 $6,071

* 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.