For Sale
$395,000

314 Jackson AveGreenwood, SC 29646

Historic building, prime location, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional multifamily investment opportunity presents a unique chance to acquire a 5,000 square foot historic building situated on a 3.5-acre lot at 314 Jackson Avenue, Greenwood, South Carolina, 29646. Built in 1910, this one-story structure boasts a rich history as the former Greenwood Mill Community Center. The property is zoned R-8, offering significant redevelopment potential. Recent improvements include structural repairs and a new roof completed in 2022, ensuring the building is well-maintained. Its strategic location directly across from the planned Greenwood/Kitson Mill Site redevelopment project (a proposed development including 200 apartments and 200 townhomes) promises significant future appreciation. The property's historic significance may qualify it for registration on the National Register of Historic Places, potentially unlocking access to valuable Federal and State tax credits. Further potential tax incentives include eligibility for 25% Textile Tax Credits and 25% Abandoned Building Credits. This is a rare chance to capitalize on a prime location, a historic building, and substantial potential tax benefits. The asking price for this remarkable property is $395,000.

Highlights

  • Prime location across from the proposed Greenwood/Kitson Mill Site redevelopment (200 apartments & 200 townhomes).
  • Historic 5,000 SF building, formerly the Greenwood Mill Community Center, built in 1910.
  • Recently renovated with structural repairs and a new roof (2022).
  • Potential for Federal & State tax credits via National Register of Historic Places listing.
  • Potential for 25% Textile Tax Credits and 25% Abandoned Building Credits.

Property Details for 314 Jackson Ave

Property type
Apartment buildings
Square Feet
5,000 SF
Year Built
1910
Buildings
1
Stories
1
Lot Size (sq. ft)
152,460 SF

Location Insight

City
Greenwood
County
Greenwood
State
South Carolina
Latitude
34.190223987687
Longitude
-82.170704926171
314 Jackson Ave, Greenwood, South Carolina

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314 Jackson Ave
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