Historic Pickens Textile Mill Opportunity

203 Woodrow St, Pickens, SC 29671

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For Sale

Contact for pricing

23.79-acre site with 72,000 SF warehouse and office space.

Type:Industrial

Property size:

72,000 SF

Lot size:

23.79 Acres

Price / SF:

$44/SF

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.
Easy accessibility via major routes like Hwy 183.
Proximity to essential utilities like Duke Energy and Pickens Water & Sewer.
Potential eligibility for incentives like the Textiles Communities Revitalization Act and the Solar Investment Tax Credit.

We can help!

Listing Contact

Mardy Shore

For Sale

Contact for pricing

23.79-acre site with 72,000 SF warehouse and office space.

Type:Industrial

Property size:

72,000 SF

Lot size:

23.79 Acres

Price / SF:

$44/SF

Added:: Apr 3, 2024
Days on Market:: 803
Last Refresh:: May 12 at 9:40 pm

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

We can help!

Listing Contact

Mardy Shore

Listing agent Mardy Shore License #SC 26328

Listing office MS Shore Company, Inc

Listing date Apr 3, 2024

Source Crexi

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

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.
Easy accessibility via major routes like Hwy 183.
Proximity to essential utilities like Duke Energy and Pickens Water & Sewer.
Potential eligibility for incentives like the Textiles Communities Revitalization Act and the Solar Investment Tax Credit.

Overview

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.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $271,137 @ 7.0% cap · market cap 8.47%

Second Best

Office B

$3.45M

$3.02M – $4.02M (±1% cap)

NOI $241,315 @ 7.0% cap · market cap 7.54%

Theoretical Best

Mixed Use

$10.65M

$9.32M – $12.42M (±1% cap)

NOI $745,200 @ 7.0% cap · market cap 23.29%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Bearden Pallet Freight Service TMG Fabrication & Machining General Contractor Southeastern Pallet Co Industrial Manufacturer

Suggested Use

Similar Places Nearby

Storage on Main — 115B W Main St, Pickens, SC 29671
Storage on Trotter — 410 Trotter Rd, Pickens, SC 29671

Location Insight

Map
Local Demand

City: Pickens
County: Pickens
State: South Carolina
Longitude: -82.6948736
Latitude: 34.8870245

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For sale
Warehouses
SC
Pickens
29671
203 Woodrow St

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 $3,200,000.

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.