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    244 Shelby Hwy Gaffney, SC 29340

    For Sale
    $2,200,000

    20,000 SF Flex Warehouse, I-85 Visibility

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 20,000-square-foot industrial flex building in Gaffney, South Carolina, presents a compelling investment opportunity. Situated on a generous 22.71-acre lot, the property boasts prime visibility from I-85, benefiting from high traffic counts of 61,300 vehicles. The building features a 14-foot ceiling height at the eaves (18 feet at the ridge), one 12-foot dock high door, and one 10-foot drive-in door. Inside, you'll find approximately 1,200 square feet of office space and three bathrooms. The building is constructed with a sturdy 6-inch slab. Utilities include water and septic, with sewer access available. The property's flexible zoning allows for diverse uses, and the seller will consider a short-term sale-leaseback option, providing added flexibility for potential buyers. This location offers excellent access to major transportation routes, making it ideal for distribution, warehousing, or light manufacturing. The asking price is $2,200,000, translating to $110 per square foot. This represents a rare opportunity to acquire a well-located, versatile industrial property with significant development potential.

    Property Features for 244 Shelby Hwy

    General Information

    Property type
    Distribution properties
    Square Feet
    20,000 SF
    Lot Size
    989,248 SF

    HighLights

    • $2,200,000 asking price for a 20,000 square foot industrial flex building.
    • Located at 244 Shelby Hwy, Gaffney, SC 29340, offering excellent I‑85 visibility and high traffic counts.
    • Features 22.71 acres of land, providing significant development potential.
    • Building includes 14‑foot (eves) ceiling height, one 12‑foot dock high door, and one 10‑foot drive‑in door.
    • The building also offers 1,200 square feet of office space and three bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Randolph Industrial Supplies Store

    Suggested Use

    Restaurant Law Firm Building Supply Hair Salon Auto Repair Shop Department Store Bar & Pub Discount Store Locksmith

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.615898577557
    Latitude
    35.105151837401

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    FAQs

    What type of property is this?
    Distribution property - 20,000 SF Flex Warehouse, I-85 Visibility
    Where is this distribution property located?
    The property is located at 244 Shelby Hwy Gaffney, SC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for a 20,000 square foot industrial flex building.; Located at 244 Shelby Hwy, Gaffney, SC 29340, offering excellent I-85 visibility and high traffic counts.; Features 22.71 acres of land, providing significant development potential.
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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
    244 Shelby Hwy Gaffney, SC 29340
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