Listing Agency: Coldwell Banker Commercial | Atlantic n***@cbcatlantic.com Show Phone

Listed By: Brent A Case · License #76056 Show Phone

Source: Moodyscre

Added: May 27, 2024 Changed: Jul 6 Last Checked: Jul 21 at 5:38AM

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Investment Insights

Based on property information with market context.

The historic building for sale is located in Holly Hill, SC, and includes 8618 Old State Rd and the adjacent vacant lot. The building, originally a bank, features architecture from that era. Located in a federally designated Opportunity Zone, the property offers tax incentives. The Holly Hill downtown area has also been designated as a Historic District, which allows for further tax incentives for developers. The building has been vacant for several years and has a significant amount of deferred maintenance. The property size is 3350 square feet. Several hundred homes are in the pipeline to be built over the next few years in Holly Hill. This presents an opportunity for a developer to revitalize a historic building while utilizing available tax incentive programs.

Key Highlights

• Opportunity Zone location offers significant tax incentives.
• Designated Historic District provides further tax incentives for developers.
• Includes adjacent vacant lot, expanding development possibilities.

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Dental Office Butcher HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

131

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Historic building for sale with tax incentives in Holly Hill.

Where is this office building located?

The property is located at 8618 Old State Rd Holly Hill, SC.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Opportunity Zone location offers significant tax incentives.; Designated Historic District provides further tax incentives for developers.; Includes adjacent vacant lot, expanding development possibilities.