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    423 N Limestone St Gaffney, SC 29340

    For Sale
    $515,000

    Improved Commercial - Gaffney, SC

    Property size:
    7,425 SF
    Lot size:
    0.06 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 423 N Limestone St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commerical Improved
    Size
    7,425 SF
    Lot size
    0.06 Acres

    Building Details

    Flooring type
    Carpet, Wood
    Roof type
    Other, See Remarks
    Architectural style
    Other

    Mathers Realty. com (704) 831-5900

    Listing agent William Russell Poole (704) 831-5900 License #127584

    Listing date Nov 4, 2025

    MLS# 326915 Listing URL

    Copyright © 2025 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Gaffney Commercial Conversion Opportunity

    This commercial property is located on a corner lot in downtown Gaffney. The property, formerly the Cherokee Chronicle Building and Bank of Gaffney, includes three bank vaults. The building has three stories and 7425 square feet of space. It offers a possible conversion opportunity for apartments, condos, or office spaces. Street parking is available, as well as parking on Wall Street behind the building. The property may be eligible for grants for improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cherokee Chronicle Newspaper Publisher

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.652275
    Latitude
    35.06896

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    FAQs

    What type of property is this?
    Office building - Prime commercial property in downtown Gaffney with conversion potential.
    Where is this office building located?
    The property is located at 423 N Limestone St Gaffney, SC.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: - Prime commercial property in downtown Gaffney; - Located in the historical Cherokee Chronicle Building (formerly Bank of Gaffney); - Features **3 bank vaults**
    (704) 831-5900
    Request Owner's contact information
    423 N Limestone St Gaffney, SC 29340
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    Gaffney, SC 29340
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    423 N Limestone St Gaffney, SC 29340
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