Adaptive Reuse
For Sale
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322 W South St, Union, SC 29379
127,000 SF building in Union, SC, for adaptive reutilization.
Property Size126,977 SF
Price / SF$15.55
Days on Market200
Property Features for 322 W South St
General Information
Standard status
Active
Size
126,977 SF
Class
B
Property subtype
Mixed Use, Multifamily, Senior Living, Special Purpose
Zoning
Union Hospital District
Investment Type
Redevelopment
Building Details
Year Built
1921
Buildings
1
Stories
5
Listing Agency:
SVN | Southern Commercial Real Estate, LLC Rock Hill
Listed By:
Gilbert Bradham · License #3844
Source:
Crexi
Added: Jan 25
Changed: Aug 8
Last Checked: Aug 12 at 11:06AM
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 SVN | Southern Commercial Real Estate, LLC Rock Hill
Investment Insights
Based on property information with market context.
Located in Union, SC, the property at 322 West South Street presents a 127,000 SF building suitable for adaptive reutilization. Originally built in 1921, this multi-purpose property is zoned for exempt, workforce/student housing, special purpose, adaptive reuse, office, residential, and institutional use, offering diverse possibilities for specialty investors. The property is located in a Tier Four Incentives County near the growing Greenville/Spartanburg area. This property is an opportunity for a hospital conversion to workforce, USC students, and senior housing. The property includes 246 parking spaces and is adjacent to a new baseball field serving University of South Carolina students. The existing structure features offices, floor plans, an industrial-level kitchen and cafeteria, conference rooms, and areas for coffee shops, study areas, and retail spaces. It is located in the center of town, near the University of South Carolina Union Campus, addressing a need for student housing. A significant workforce housing need can also be served here, with ample on-site parking. The City of Union and Union County offer incentives to reduce the tax burden and encourage growth. County incentives are determined on a case-by-case basis, with additional potential tax incentives for projects that address community gaps. The property is close to the I-77 Corridor and Charlotte, and 23 minutes from Interstate I-26. The property has all the components of a Hospital, poised for change to serve Workforce Housing and Student Housing that are currently not adequately served.
Key Highlights
- Significant Tax Incentives: Benefit from Bailey Bill and Historic Tax Credits, potentially freezing assessed value for up to 20 years.
- Adaptive Reuse Opportunity: Ideal hospital conversion to address workforce, student, or senior housing needs.
- Prime Location: Centrally located in Union, SC, near the University of South Carolina Union Campus and major interstates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 29379, SC
18,068
Population
9,010
Households
2
Avg Household Size
44
Median Age
13%
College-Educated
82%
High-School Grad
242.7 sq mi
ZIP Area
74
Density / Sq Mi
$40,178
Median Household Income
$35,670
Median Earnings
$789
Median Rent
$103,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 127,000 SF building in Union, SC, for adaptive reutilization.
Where is this mixed-use property located?
The property is located at 322 W 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: Significant Tax Incentives: Benefit from Bailey Bill and Historic Tax Credits, potentially freezing assessed value for up to 20 years.; Adaptive Reuse Opportunity: Ideal hospital conversion to address workforce, student, or senior housing needs.; Prime Location: Centrally located in Union, SC, near the University of South Carolina Union Campus and major interstates.
