322 West South St Union, SC 29379
127,000 SF building suitable for various purposes.
Building Details
- Year built
- 1921
Source:
Svn
Listing Agent: Gilbert Bradham
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Adaptive Reuse Opportunity in Union
Located in Union, South Carolina, 322 West South Street is a 127,000 SF building originally constructed in 1921. This multi-purpose property is zoned for exempt, workforce/student housing, special purpose, adaptive reutilization, office, residential, and institutional use, offering various possibilities for specialty investors. The property is located in a Tier Four Incentives County adjacent to the Greenville/Spartanburg area. The facility includes a fully running physical plant and 246 parking spaces. The property is suited for adaptive reutilization for workforce housing and student housing to serve University of South Carolina Union students. The property may qualify for Bailey Bill Tax Credits, where the assessed value is typically frozen for 15–20 years, preventing tax increases due to improvements, and Historic Tax Credits, where profit and tax implications are effectively frozen for up to twenty years.
Location Intelligence
Current Use by Public Records
Union Medical Center, ...
Hospital
UMC - Center for Family ...
Pediatrician
Herman Lo MD
Pediatrician
Lisa Sanders NP
Physician
Sleep Disorders Lab
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Union
- County
- Union
- State
- South Carolina
- Longitude
- -81.62847
- Latitude
- 34.71185
Nearby Similar for Sale
FAQs
What type of property is this?
Hospital - 127,000 SF building suitable for various purposes.
Where is this hospital located?
The property is located at 322 West South St Union, SC.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: - Adaptive reutilization opportunity: 127,000 SF former hospital, ideal for workforce/student housing near University of South Carolina Union.; - Significant tax incentives available, including Bailey Bill and Historic Tax Credits, potentially freezing assessed value and tax implications for up to 20 years.; - Located in a Tier Four Incentives County adjacent to the rapidly growing Greenville/Spartanburg area, offering potential for industrial development.
