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    921 Jessica Ave Newberry, SC 29108

    For Sale
    $2,995,000

    Luxury Historic Estate, Turnkey Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity encompasses twelve properties in Newberry, SC, totaling 6.5 acres. The centerpiece is the Frederick Nance House, a meticulously restored c. 1825 neoclassical mansion designed by Robert Mills, featuring original details and museum-quality furnishings (available for separate purchase). Six occupied and one unoccupied rental properties provide immediate income potential. An additional property serves as the owner's residence, offering further rental possibilities. A large garage and warehouse building add to the versatility. The estate also includes two vacant land parcels. Adjacent is the Eugene Blease House, a 1925 Colonial Revival-style home with over 2,700 square feet, offering additional living space or rental potential. All rental properties underwent renovations to ensure high-quality tenants. This turnkey opportunity allows for preservation of a historic landmark while offering potential for modern updates. The combined tax assessment reflects all twelve properties, including the owner's residence. This is a rare chance to acquire a significant historic estate with substantial income potential. The sale includes the following properties: 519 Boundary St. (343-7-11-1)

    Property Features for 921 Jessica Ave

    General Information

    Property type
    Residential income properties
    Lot Size
    283,140 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Newberry
    State
    South Carolina
    Longitude
    -81.6251
    Latitude
    34.26752

    Nearby Comparable

    • $425,000
      4,000 SF

      Newberry Commercial Property - 3.49 Acres

      Prime Newberry location, large warehouse, high potential.
      625 Nance St, Newberry, SC 29108
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    • $50,000
      0.06 Acres

      Commercial Land in Newberry, SC

      Commercial land near Main St, Newberry, SC.
      1101 Nance St, Newberry, SC 29108
      View Details
    • $77,000
      1,170 SF

      Newberry Commercial Building - $77K

      High-visibility corner lot, ready for your business.
      1101 Nance St, Newberry, SC 29108
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      3,790 SF

      Turnkey Restaurant on Corner Lot

      Fully renovated restaurant on a 0.98-acre corner lot.
      2064 Wilson Rd, Newberry, SC 29108
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    • $77,000
      1,170 SF

      Newberry Commercial Building - $77K

      High-visibility corner lot, ready for your business.
      1101 Nance St, Newberry, SC 29108
      View Details
    • $425,000
      4,000 SF

      Newberry Commercial Property - 3.49 Acres

      Prime Newberry location, large warehouse, high potential.
      625 Nance St, Newberry, SC 29108
      View Details

    FAQs

    What type of property is this?
    Residential income property - Luxury Historic Estate, Turnkey Investment
    Where is this residential income property located?
    The property is located at 921 Jessica Ave Newberry, SC.
    What is the asking price?
    The asking price for this property is $2,995,000.
    (864) 297-3450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    921 Jessica Ave Newberry, SC 29108
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