Historic Pickens Textile Mill
203 Woodrow St Pickens, SC 29671
For Sale
Contact for pricing
23.79-acre site with 72,000 SF warehouse and office space.
Property Size72,000 SF
Lot Size23.79 Acres
Price / SF$43.75
Days on Market848
Property Features for 203 Woodrow St
General Information
Standard status
Active
Size
72,000 SF
Lot size
23.79 Acres
Property subtype
Industrial
Building Details
Year Built
1900
Listing Agency:
MS Shore Company, Inc
Listed By:
Mardy Shore · License #SC 26328
Source:
Crexi
Added: Apr 3, 2024
Changed: Jul 6
Last Checked: Jul 28 at 4:41PM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.2k | $4.53 |
| − Vacancy | −$7.2k | −$0.10 |
| EGI | $319.0k | $4.43 |
| − OpEx | −$47.8k | −$0.66 |
| NOI | $271.1k | $3.77 |
72,000 SF · lease $4.53/SF/yr · vacancy 2.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.87M
$3.39M – $4.52M
NOI $271,137 @ 7.0% cap · market cap 8.61%
Second Best
Office B
$3.45M
$3.02M – $4.02M
NOI $241,315 @ 7.0% cap · market cap 7.66%
Theoretical Best
Mixed Use
$10.65M
$9.32M – $12.42M
NOI $745,200 @ 7.0% cap · market cap 23.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 $3,150,000.
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.
