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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.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$900,000
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 | $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.