382 Huntington Rd Gaffney, SC 29341-2183

Property Details for 382 Huntington Rd

Lot size

2.00 lot acres

Property type

Commercial real estate

APN

081-00-00-023.004

APU

810000023004

Description

This exceptional 10,000-square-foot flex building presents a compelling owner-user or redevelopment opportunity in Gaffney, South Carolina. Located on a two-acre lot directly off Interstate-85, this property offers unparalleled access to major transportation corridors connecting Charlotte and Atlanta. The asking price is $850,000, representing a compelling $85 per square foot. The building features a well-maintained interior, including over 1,000 square feet of finished office space, a mezzanine level for additional storage, and a main level suitable for various operational needs. Four loading docks, each with 18-foot-high clearance doors, ensure efficient loading and unloading. The property's zoning allows for a wide range of industrial uses, including manufacturing, wholesaling, distribution, and warehousing. Its strategic location, approximately one mile from I-85 and within close proximity to Greenville and Spartanburg, makes it ideal for businesses requiring efficient logistics and distribution capabilities. The substantial two-acre lot provides significant potential for expansion or redevelopment, allowing for the addition of a lay-down yard, truck and trailer parking, or further building development. The property's strong pro-forma NOI of $90,000 yields a 10.59% pro-forma cap rate, showcasing its attractive investment potential. This is a rare opportunity to acquire a versatile industrial property with significant upside potential in a rapidly growing region.