144 Parkview St Westminster, SC 29693
- Warehouses
- 218,666 SF
- 26.52 lot acres
Current Use by Public Records
- Warehouses
Property Details for 144 Parkview St
- Lot size
- 26.52 lot acres
- Property size
- 218,666 SF
- Property type
- Warehouses
- Property subtype
- Land
Description
This exceptional value-add investment opportunity presents a 218,666 square foot industrial property situated on a sprawling 26.52-acre lot in Westminster, South Carolina. The property, located at 144 Parkview St, 29693, consists of three buildings with two stories each, offering significant redevelopment potential. Currently configured as a textile mill, the property benefits from available textile mill tax credits. The property is zoned for commercial use and features a net rentable area of 208,666 square feet, currently leased under a NNN lease with a single tenant. The asking price is $3,200,000, representing a compelling price per square foot of $14.63. The property boasts a projected pro-forma NOI of $520,000, translating to an attractive 13% capitalization rate. Competitive owner financing options with 90% LTV are available, making this a highly accessible investment for qualified buyers. This is a rare chance to acquire a substantial industrial property with significant upside in a desirable location. The sale is structured as a sale for leaseback.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Oconee
- State
- South Carolina
- Longitude
- -83.0863
- Latitude
- 34.6647
