314 Jackson Ave Greenwood, SC 29646

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.