0 Freeman Farm Rd - 19.6 acres on Freeman Farm Road 20 Acres of Residential Land Offered at $7,000,000 in Greer, SC 29651
INVESTMENT HIGHLIGHTS
- Located directly across I-85 from the BMW plant
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $7,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 20.00 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $7,000,000 |
| Price Per AC | $350,000.00 |
| Lot Size | 20.00 AC |
Spartanburg County parcels 5-29-00-067.00 , 5-29-00-083.02 , 5-29-00-080.04. Property was annexed into Greer, SC and is located directly across I-85 from the BMW plant and one of the fastest growing suburbs in the US.
DESCRIPTION
21 acres with amazing visual access from I-85 ideal for signage. Sewer available on property. Dual access both on Freeman Farms Road and Old Jones Road. Red light access at Freeman Farms Road and US 101. Property is zoned by right for multi-family (up to 320 units by right) but could be rezoned for more. Property is located in an Opportunity Zone and Land was purchased by a Qualified Opportunity Fund (QOF) and is currently owned by a Qualified Opportunity Zone Business (QOZB) so it's teed up for Opportunity zone investors. Perfect for multi-family, Townhomes and industrial use and those looking for a 10 year hold. A great amount of value engineering and civil work and soil engineering has been conducted in order to minimize retaining walls, depending on what is being built but roads have been thought out in order to do the least amount of cut and fill based on the topography. Traffic study has been completed to account for a 275 apartment complex but property is currently zoned for up to 320 apartments. Townhomes and industrial are other options for this property. Property is located in District 5 and is very close to the brand new $52 million Abner Creek middle School.
PROPERTY TAXES
| Parcel Number | 5-29-00-067.00 | Improvements Assessment | $0 |
| Land Assessment | $24,360 | Total Assessment | $24,360 |
