Property profile

0 Cherokee St Blacksburg, SC 29702

OFF-MARKET
Warehouses
500,000 SF
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Property summary

AI-generated overview

This expansive industrial property, located at E Cherokee St in Blacksburg, South Carolina, offers a significant opportunity for businesses seeking flexible space. The site encompasses a total of 500,000 square feet of industrial space, divisible into units as small as 100,000 square feet, making it suitable for a variety of manufacturing, warehouse, and industrial operations. Situated in Cherokee County, this location benefits from excellent access to infrastructure, including proximity to I-85 (approximately 1.5 miles, with a daily traffic volume of approximately 47,800 vehicles). The property is also conveniently located within 45 miles of Charlotte, North Carolina. Further enhancing its appeal, this site is eligible for New Market Tax Credits and South Carolina Textile Tax Credits. Rail access is available, with potential for spur development. All utilities are on-site. The property is also designated as an Opportunity Zone, providing additional economic incentives, and benefits from Tier 4 County economic incentives and regional/state tax incentives. Development plans include a Phase 1 building pad of 500,000-600,000 square feet, with a potential Phase 2 expansion north of the railroad tract, offering an additional 1.5 million square feet or more with rail access and spur potential. This property presents a compelling investment opportunity with significant potential for growth and expansion. The property is zoned for industrial use and is ready for immediate development.

Property profile

Verified
Property type Warehouses
Total area 500,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Cherokee St Blacksburg, SC 29702
Blacksburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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