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8638 Valley Falls rd - ±19.7 Acres on Boiling Springs Road 19.7 Acres of Residential Land Offered at $5,795,000 in Boiling Springs, SC 29316
Investment Highlights
- Fully Entitled Multifamily Development Site
- A faster path to construction equates to a quicker return on capital.
- Shovel Ready
Executive Summary
Property Facts
| Price | $5,795,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 19.70 AC |
| Property Type | Land |
| Price | $5,795,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 19.70 AC |
1 Lot Available
Lot
| Price | $5,795,000 | Lot Size | 19.70 AC |
| Price Per AC | $294,162.44 |
| Price | $5,795,000 |
| Price Per AC | $294,162.44 |
| Lot Size | 19.70 AC |
Site plan approved for 306 Multifamily Units
Description
1. Boiling Springs and Spartanburg County have been growing rapidly, largely from in-migration. Spartanburg County added more than 10,000 residents in a single recent year and has grown roughly 26% over the last decade. 2. A diversified employment base reduces lease-up risk. The Upstate SC economy is one of the strongest in the Southeast and Boiling Springs residents enjoy proximity to being in a manufacturing and logistics hub led by heavy hitters such as BMW, Michelin, Milliken, Spartanburg Regional Healthcare, and Inland Port Greer. 3. Workforce housing is in demand here. A lot of workers in the Upstate earn enough to rent quality apartments but may not be able — or willing — to buy homes at today’s prices and interest rates. Median home prices in Boiling Springs are now around the low-$300Ks. 4. Close proximity to new “Essentia” mixed use development which includes new charter schools, retail and high end residential. A significant investment in the community that will result in additional retailers and amenities joining the market.
Property Taxes
| Parcel Number | 2-44-14-054.00 | Improvements Assessment | $10,146 |
| Land Assessment | $3,349 | Total Assessment | $13,495 |
Property Taxes
Presented by
8638 Valley Falls rd - ±19.7 Acres on Boiling Springs Road
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