2424 S Frontage Road, Gray Court, SC, 29645 | $2,000,000

Classic Cars of South Carolina Inc. 2424 S Frontage Road Gray Court, SC 29645 FOR SALE Real estate along with all current automotive inventory, including complete vehicles as well as all parts vehicles and parts inventory. 12000 SF Warehouse, numerous outbuildings and junkyard permitted  We are pleased to announce this once in a lifetime opportunity to acquire this expansive industrial property along with a thriving classic car business located in Gray Court, SC boasts an impressive 6. 59 acres of improved land, making it an ideal location for a variety of businesses and uses. The property is currently home to the world renown Classic Cars of South Carolina Inc. , which also has a grandfathered junkyard/salvage use permit providing flexibility for a range of industrial and light manufacturing activities.   Classic Cars of South Carolina is a family business that started in the 1950s and has passed from one generation to the next. This business boasts a robust inventory of both complete and running vehicles, as well as a full-scale operating junkyard full of parts and a warehouse as well as numerous outbuildings chock full of pulled parts. This thriving business is one of a kind and eh business along with all inventory will convey with the sale. The current owner is retiring and would love to see nothing more than his lifetime hobby, turned full time job, continue on for generations to come. One of the standout features of this property is its prime location along Highway 385 which is one of South Carolina’s major industrial corridors. With around 500 feet of frontage, the property benefits from high visibility and exposure to an average daily traffic count of almost 42, 000 cars, with quick access to other main highways, making it an excellent choice for businesses seeking to establish a strong presence in the area with quick access to and from other parts of the country.   For Industrial businesses that require proximity to air transportation, this property is ideally located less than 25 miles away from Greenville Spartanburg International Airport. And for businesses involved in rail trade, the property is situated around 25 miles away from the Inland Port of Greer, one of the largest and busiest inland ports in the Southeast. Outside of the amazing business and full inventory, this industrial 6. 6-acre gem is an exceptional combination of space, location, and transportation access, making it a rare and highly desirable find for businesses seeking to establish or expand their operations within the Greenville/Spartanburg/Laurens thoroughfare.  Add the business and inventory to it and you have one of the most unique opportunities you will ever find in life. Main Building: 12, 840SF Lot size: 6. 59 Acres

Features

  • Property Type: Commercial
  • Construction: Metal Siding, Metal
  • Utilities: Water Available
  • Heating: None
  • Cooling: None
  • Approx Lot Sq. Feet: 287,060
  • Acreage: 6.59
  • Est. Taxes: $1,189
  • MLS#: 1506998
  • Days on Market: 485 days
  • Website: https://www.raveis.com
    /prop/1506998/2424sfrontageroad_graycourt_sc?source=qrflyer
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Listing courtesy of Keller Williams Grv Upst   Phone: 864-234-7500

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2424 S Frontage Road, Gray Court, SC, 29645

$2,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 401.474.4879

Whitney.Rugg@raveis.com

NMLS Mortgage Loan Originator ID 7654

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,600,000 $1,600,000 $1,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.545% 6.748% 6.932%
Monthly Tax Payment $99 $99 $99
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,378 $10,245 $14,159
Total Monthly Payment $10,602 $10,469 $14,383

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.