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    1 Commerce Dr Gaffney, SC 29340

    Sponsored
    For Sale
    Contact for pricing

    113,000 SF Warehouse, Excellent Condition

    Property size:
    113,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 113,000-square-foot industrial warehouse, situated on 12.7 acres in Gaffney, South Carolina, presents a compelling investment opportunity. Built in 1993, this single-story building boasts a prime location near Interstate 85, offering easy access to Charlotte, NC, and Greenville, SC, and benefiting from access to a strong labor pool and various incentives from Cherokee County and the state. The property features a spacious 6,500-square-foot main office area, complete with eight private offices, a large break room, lobby, conference room, and additional plant offices and labs. The warehouse itself is equipped with numerous 2-ton cranes, providing ample lifting capacity. Ceiling heights range from 21'7" to 24'5" under the roof joists and 20'9" to 22'9" under the structural steel between columns, spaced at 40' x 40'. The property includes LED lighting and paved parking for approximately 106 vehicles. The building is fully heated and cooled and has multiple restrooms in both the office and plant areas. The property's tax map number is 116-00-00-050.000. This former plastics injection-molding and writing instrument manufacturing plant is in excellent condition and ready for immediate occupancy under a NNN lease. The dimensions of the building are approximately 280' x 360'.

    Property Features for 1 Commerce Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    113,000 SF
    Lot Size
    553,212 SF

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    BIC Corporation Manufacturer

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Department Store Bar & Pub Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.6038797
    Latitude
    35.1041766

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    FAQs

    What type of property is this?
    Distribution property - 113,000 SF Warehouse, Excellent Condition
    Where is this distribution property located?
    The property is located at 1 Commerce Dr Gaffney, SC.
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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
    1 Commerce Dr Gaffney, SC 29340
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