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    412 Groves St Lugoff, SC 29078

    Sponsored
    For Sale
    $8,500,000

    198,853 SF Warehouse, Multi-Tenant

    Property size:
    198,853 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 198,853-square-foot industrial warehouse, located at 412 Groves St, Lugoff, SC 29078, presents a significant investment opportunity. Built in 1975 and renovated in 1990, this Class B, single-story building sits on a substantial 38.9-acre lot and offers immediate occupancy. The property features eight 8' x 10' dock-high doors, ample parking (120 spaces), and high ceilings ranging from 18' to 21'. The building boasts a robust infrastructure including a wet sprinkler system with 100% coverage, metal halide lighting, natural gas, and substantial power supplied by Duke Energy (480v, 3-phase, 3,000 & 8,000 amp panels). Four 3-ton bridge cranes, three 125hp Atlas Copco air compressors, and approximately 8,000 square feet of main office space further enhance its functionality. The property is zoned I-1 Industrial and is conveniently located less than 15 miles from Columbia, SC, offering easy access to I-20. The asking price is $8,500,000, with a NNN lease type and multi-tenant occupancy (currently two tenants). The concrete block and insulated metal construction ensures durability, and the roof is in good condition. Municipal water and sewer services are available. This property is ideal for manufacturers seeking a strategic location near a major city without the associated higher labor costs.

    Property Features for 412 Groves St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    198,853 SF
    Class
    B
    Lot Size
    1,694,484 SF

    Building Details

    Year Built/Renovated
    1975/1990
    Stories
    1

    HighLights

    • 198,853 SF building.
    • 38.90‑acre lot.
    • Built 1975, renovated 1990.
    • Concrete block and insulated metal construction.
    • 18'-21' clear height.
    • Fully sprinklered (wet system).
    Property Profile Location Intelligence

    Current Use by Public Records

    Shawmut Corporation General Contractor Aaron Mills Dyeing ... Textile Mill

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lugoff
    County
    Kershaw
    State
    South Carolina
    Longitude
    -80.675172
    Latitude
    34.1964576

    Nearby Comparable

    • $8,500,000
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      Spacious Industrial Building in Lugoff

      198,853 SF industrial building on 38.90 AC lot.
      412 Groves St, Lugoff, SC 29078
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      Lugoff Industrial Land For Sale

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      Commercial Land on US Hwy

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      Highway 1 South Commercial Land

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      Lugoff Commercial Building - High Visibility

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      Lugoff Commercial Lot - US1 Frontage

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      Lugoff Commercial Land - I-20 Visibility

      High-visibility commercial lot, I-20 access.
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      Commercial Land Near I-20

      22.08 acres of commercial land with development potential.
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    Nearby Similar for Sale

    • $8,500,000
      198,853 SF

      Spacious Industrial Building in Lugoff

      198,853 SF industrial building on 38.90 AC lot.
      412 Groves St, Lugoff, SC 29078
      View Details
    • $150,000
      1 SF

      Lugoff Commercial Land - I-20 Visibility

      High-visibility commercial lot, I-20 access.
      1702 Whiting Way, Lugoff, SC 29078
      View Details
    • $279,900
      0.40 Acres

      Lugoff Commercial Building - High Visibility

      Prime Location, Excellent Condition, 10 Parking Spaces
      810 Ridgeway Rd, Lugoff, SC 29078
      View Details
    • $59,500
      1 SF

      Lugoff Commercial Lot - US1 Frontage

      Prime Commercial Land, Approved Building Plans
      1451 Highway 1, Lugoff, SC 29078
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 198,853 SF Warehouse, Multi-Tenant
    Where is this manufacturing property located?
    The property is located at 412 Groves St Lugoff, SC.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: 198,853 SF building.; 38.90-acre lot.; Built 1975, renovated 1990.
    Request Owner's contact information
    412 Groves St Lugoff, SC 29078
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    Lugoff, SC 29078
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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
    412 Groves St Lugoff, SC 29078
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