Historic Pickens Textile Mill
For Sale
Contact for pricing
203 Woodrow St, Pickens, SC 29671
23.79-acre site with 72,000 SF warehouse and office space.
Property Size72,000 SF
Lot Size23.79 Acres
Price / SF$40.21
Days on Market940
Property Features for 203 Woodrow St
General Information
Standard status
Active
Size
72,000 SF
Lot size
23.79 Acres
Property subtype
Mixed Use
Zoning
Industrial
Investment Type
Owner/User
Building Details
Year Built
1900
Year Renovated
1906
Buildings
3
Stories
2
Tenancy
Multi
Listing Agency:
MS Shore Company, Inc
Listed By:
Mardy Shore · License #SC 26328
Source:
Crexi
Added: Apr 3, 2024
Changed: Oct 25
Last Checked: Oct 28 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MS Shore Company, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The former Pickens Textile Mill, located at 203 Woodrow St, Pickens, SC 29671, presents an investment opportunity. The property includes a 72,000 SF warehouse space and multiple buildings with office areas, situated on a 23.79-acre lot. Constructed in 1900, the site benefits from accessibility via Hwy 183. The property is zoned for industrial use and may qualify for South Carolina tax credits. Utilities include Duke Energy and Pickens Water & Sewer. The property may qualify for incentives such as the Textiles Communities Revitalization Act and the Solar Investment Tax Credit. The property offers a mix of unit sizes suitable for various applications.
Key Highlights
- Large 23.79‑acre lot with a 72,000 SF warehouse space.
- Zoned for industrial use with potential for South Carolina tax credits.
- Multiple buildings with office areas suitable for various applications.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,315
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,826,300
$4.8M
Cap Rate 7%
$3,447,357
$3.4M
Cap Rate 9%
$2,681,278
$2.7M
Market Conditions
NOI Build-Up for 72,000 SF
Gross rent
$345.6K $4.80/SF
− Vacancy
−$23.8K −$0.33/SF
EGI
$321.8K $4.47/SF
− OpEx
−$80.4K −$1.12/SF
NOI
$241.3K $3.35/SF
Area
Pickens County, SC
Vacancy
6.90%
Lease Rate
$4.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,826,300
Cap Rate 7%
$3,447,357
Cap Rate 9%
$2,681,278
Alternative Uses
Best Use
Warehouse
$3.87M
$3.39M – $4.52M
NOI $271,137 @ 7.0% cap · market cap 9.37%
Second Best
Office B
$3.45M
$3.02M – $4.02M
NOI $241,315 @ 7.0% cap · market cap 8.34%
Theoretical Best
Mixed Use
$10.65M
$9.32M – $12.42M
NOI $745,200 @ 7.0% cap · market cap 25.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 29671, SC
18,615
Population
8,371
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
87%
High-School Grad
132.3 sq mi
ZIP Area
141
Density / Sq Mi
$65,429
Median Household Income
$36,041
Median Earnings
$917
Median Rent
$202,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Storage on Main — 115B W Main St, Pickens, SC 29671
Frequently Asked Questions
What type of property is this?
Warehouse - 23.79-acre site with 72,000 SF warehouse and office space.
Where is this warehouse located?
The property is located at 203 Woodrow St Pickens, SC.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Large 23.79‑acre lot with a **72,000 SF warehouse space**.; Zoned for industrial use with potential for South Carolina tax credits.; Multiple buildings with office areas suitable for various applications.
