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5670 Reidville Road in Moore, South Carolina offers a well-positioned commercial property in the rapidly growing corridor between Greenville and Spartanburg. This property benefits from its location along Reidville Road, a key commercial corridor with strong traffic volumes and convenient access to both Interstate 85 and Interstate 26. Moore is experiencing significant residential and commercial growth, driven by its central location within the Greenville-Spartanburg metro area and its proximity to major employment centers including BMW Manufacturing. This growth continues to fuel demand for commercial real estate throughout the corridor, making this an attractive opportunity for owner-users or investors seeking a well-positioned property in a strengthening market. This is an incredible opportunity for estate sized lot or lots, commercial or light industrial/warehousing (pending Spartanburg County project approval)! +/- 8. 51 acres zoned for General Development - see the Spartanburg County Planning website for more details. With approximately 581 feet of frontage on Reidville Rd, visibility is guaranteed on this well-traveled highway! Electricity and water are in place to tap into. A 2, 000 sq ft brick ranch on the land is included in the sale with no value, therefore no SDS will be provided. Finally build the business you've always dreamed of! Call today for all the details!
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Our Executive Mortgage Banker:
$637,500
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $510,000 | $510,000 | $510,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.650% | 5.866% |
| Monthly Tax Payment | $67 | $67 | $67 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,099 | $3,224 | $4,201 |
| Total Monthly Payment | $3,258 | $3,383 | $4,360 |
* 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.