540 Shelby Highway, Gaffney, SC, 29341 | $300,000

PRIME COMMERCIAL/INVESTMENT LAND — HIGH-GROWTH I-85 CORRIDOR - 0. 86 acre lot - Exit 96 off Interstate 85 (Shelby Hwy / SC-18) - High-traffic corridor (~60, 000 vehicles/day on I-85, projected 85, 000 by 2027) - Between Charlotte, NC and Greenville-Spartanburg, SC metros - Adjacent to brand-new 7-Eleven - Approximately 15 min from new Catawba Two Kings Casino Resort - Approximately 5 min from Cherokee Speedway - Near $415M Cherokee Commerce Center 85 industrial park (major regional employer hub) - Public utilities believed available, Exceptional opportunity to own 0. 86 acres of vacant land in one of the fastest-growing corridors in the Carolinas. Located at approximately 540 Shelby Hwy (SC-18) in Gaffney, SC, this parcel sits adjacent to a brand-new 7-Eleven and offers immediate visibility and access at Exit 96 — Shelby Highway (SC-18) off Interstate 85 — one of four interchanges recently reconstructed and upgraded as part of SCDOT's major I-85 widening project. The I-85 corridor through Cherokee County is experiencing remarkable momentum. Average daily traffic on this section of I-85 is approximately 60, 000 vehicles, with that number projected to reach 85, 000 by 2027. Cherokee Commerce Center 85, a $415 million, 3. 6-million-square-foot industrial park, is being developed just off I-85 near Gaffney, bringing major employers and thousands of workers to the area. Adding to the region's explosive growth, the $1 billion Catawba Two Kings Casino Resort is under construction in Kings Mountain, NC, just off I-85 — approximately 15 minutes away. The introductory casino phase opens Spring 2026, with the permanent resort featuring 4, 300 slot machines, 100 table games, 11 dining outlets, and a 385-room hotel set to open in 2027, bringing an estimated 2, 000+ new employees to the region. The resulting demand for retail, hospitality, and services along this corridor makes now an ideal time to acquire land here. as evidenced by the recently developed commercial activity on adjacent parcels. Positioned between the Greenville-Spartanburg metro to the southwest and Charlotte to the northeast, this parcel offers unmatched access to two major markets. Whether you're an investor, developer, or end-user looking for a strategic foothold in a rapidly appreciating corridor, this is a rare chance to get ahead of the growth curve.

Features

  • Amenities: None
  • Lot Desc: Corner Lot, Will Consider Dividing
  • Elem. School: Other
  • Middle School: Other
  • High School: Other
  • MLS#: 1592319
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1592319/540shelbyhighway_gaffney_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

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540 Shelby Highway, Gaffney, SC, 29341

$300,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $240,000 $240,000 $240,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.609% 6.776% 6.078%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,478 $1,537 $2,009
Total Monthly Payment $1,553 $1,612 $2,084

* 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.