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517 Chesnee Hwy - Chesnee Hwy Development Parcel 40.5 Acres of Commercial Land Offered at $2,000,000 in Gaffney, SC 29341

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Investment Highlights

Good topography
Great location

High traffic count

Executive Summary

All utilities are available to this site making the development opportunities limitless. The highest and best use currently would be mixed use commercial coupled with single or multi-family housing, or could be sued for light industrial. The topography is gently rolling. High traffic count along Hwy 11 as this is a major artery for traffic needing to access I-85 north, Gaffney, nearby Spartanburg Community College, shopping, and dining.

Property Facts

Price	$2,000,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Industrial Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Fast Food Hold For Development Hold For Investment Medical Office Park Planned Unit Development Single Family Development Strip Center Supermarket Warehouse
No. Lots	1	Total Lot Size	40.50 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	None currently - The property is currently located outside the city limits. The property would be subject to annexation.

Price	$2,000,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Industrial Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Fast Food Hold For Development Hold For Investment Medical Office Park Planned Unit Development Single Family Development Strip Center Supermarket Warehouse
Total Lot Size	40.50 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	None currently - The property is currently located outside the city limits. The property would be subject to annexation.

1 Lot Available

Lot

Price	$2,000,000	Lot Size	40.50 AC
Price Per AC	$49,382.72

Price	$2,000,000
Price Per AC	$49,382.72
Lot Size	40.50 AC

40 acre tract of land located just 1 mile from I-85 on busy Hwy 11. This is the largest tract available with this topography and features. Sewer is available to the site making this the ideal property for commercial or residential development.

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Property Taxes

Parcel Number	079-00-00-132.000	Improvements Assessment	$0
Land Assessment	$170	Total Assessment	$170

Property Taxes

Parcel Number

079-00-00-132.000

Land Assessment

$170

Improvements Assessment

Total Assessment

$170

(864) 490-3126

Contact

Will Bowers
Bowers and Associates Real Estate

Listing ID: 35763934
Date on Market: 5/6/2025
Last Updated:
Address: 517 Chesnee Hwy, Gaffney, SC 29341

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