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    314 Jackson Ave Greenwood, SC 29646

    Sponsored
    For Sale
    $395,000

    Historic building, prime location, redevelopment potential.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multifamily investment opportunity presents a unique chance to acquire a 5,000 square foot historic building situated on a 3.5-acre lot at 314 Jackson Avenue, Greenwood, South Carolina, 29646. Built in 1910, this one-story structure boasts a rich history as the former Greenwood Mill Community Center. The property is zoned R-8, offering significant redevelopment potential. Recent improvements include structural repairs and a new roof completed in 2022, ensuring the building is well-maintained. Its strategic location directly across from the planned Greenwood/Kitson Mill Site redevelopment project (a proposed development including 200 apartments and 200 townhomes) promises significant future appreciation. The property's historic significance may qualify it for registration on the National Register of Historic Places, potentially unlocking access to valuable Federal and State tax credits. Further potential tax incentives include eligibility for 25% Textile Tax Credits and 25% Abandoned Building Credits. This is a rare chance to capitalize on a prime location, a historic building, and substantial potential tax benefits. The asking price for this remarkable property is $395,000.

    Property Features for 314 Jackson Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,000 SF
    Lot Size
    152,460 SF

    Building Details

    Year Built
    1910
    Buildings
    1
    Stories
    1

    HighLights

    • Prime location across from the proposed Greenwood/Kitson Mill Site redevelopment (200 apartments & 200 townhomes).
    • Historic 5,000 SF building, formerly the Greenwood Mill Community Center, built in 1910.
    • Recently renovated with structural repairs and a new roof (2022).
    • Potential for Federal & State tax credits via National Register of Historic Places listing.
    • Potential for 25% Textile Tax Credits and 25% Abandoned Building Credits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kitson Mill Office/School ... Association / Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.170704926171
    Latitude
    34.190223987687

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    FAQs

    What type of property is this?
    Multifamily property - Historic building, prime location, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 314 Jackson Ave Greenwood, SC.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Prime location across from the proposed Greenwood/Kitson Mill Site redevelopment (200 apartments & 200 townhomes).; Historic 5,000 SF building, formerly the Greenwood Mill Community Center, built in 1910.; Recently renovated with structural repairs and a new roof (2022).
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    Greenwood, SC 29646
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    314 Jackson Ave Greenwood, SC 29646
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