Sands Investment Group is Pleased to Present Exclusively For Sale the Development Opportunity Raw Land Located at 201 Montgomery Rd Extension in Mooresboro, NC. This Deal Includes an Land Development Opportunity That Offers a Very Unique Position Within the Radius of Spartanburg’s Market; This Site is Positioned Next to the Zinc Metal Plant and Offers a Development Opportunity That Could Act in Conjunction With the Upstate Cooperate Park as a Industrial/Distribution Hub, Supporting the Spartanburg and Asheville Markets as Well as Charlotte’s Massive Submarkets.
- Market Position – This Land Development Opportunity Offers a Very Unique Position Within the Radius of Spartanburg’s Market; Spartanburg Has Added More Than 30 Million SF of Mostly Speculative Space to the Market Since 2018; In Upper Spartanburg County, at the Northeastern Edges of the Market in Cowpens, More Than 1 Million-SF Speculative Development Called Upstate Corporate Park Broke-Ground in November 2022 With Plans to Deliver in 2024, and An Additional 1 Million-SF Speculative Building is Underway at the Spartan Enterprise Park on Chesnee Highway in East Side Spartanburg; Smaller-Bay Projects are Underway Near the Greenville-Spartanburg Airport
- Location – This Site is Positioned Next to the Zinc Metal Plant and Offers a Development Opportunity That Could Act in Conjunction With the Upstate Cooperate Park as a Industrial/Distribution Hub, Supporting the Spartanburg and Asheville Markets as Well as Charlotte’s Massive Submarkets
- Highest & Best Use – This Deal Originated and Was Approved by Duke Power as a Solar Farm; Since the Conception of the Idea, the Planning and Preparation Were Steady and Strong, Until the Onslaught of Covid Slowed Down the Final Stages; Ultimately, the Project Was Terminated on the Solar Investments Sides. The Project is Still Very Much a Viable Option and Would Generate an Enormous Leasing Opportunity as Well as a Large Tax Advantage
- Cost Reduction – In Addition, the Initial Phase I and Mineral Rights Have Been Completed and are Readily Available; Phase II is Not Required By the County, Thus Expediting the Overall Process and Reducing the Cost Significantly
In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Chris Sands – Lic. NC #300021
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