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Property profile & analytics
OFF-MARKET
Commercial real estate

109 Gin House Rd Abbeville, SC 29620

1.9 ac lot
Individually Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US77-2701300
Property summary
AI-generated overview

This exceptional 3-acre property presents a rare investment opportunity in Abbeville, South Carolina. The centerpiece is a historic cotton gin building situated at the intersection of Gin House Road and Dry Hollow Road, offering immense potential for diverse commercial ventures. Envision transforming this iconic landmark into a unique wedding venue, capitalizing on its charm and ample space. Alternatively, its location, just three miles from Lake Secession's Purdy Shores boat ramp, makes it ideal for boat storage. The possibilities extend to an Airbnb, a mechanic's garage, or countless other businesses. Adding to its appeal is a charming one-bedroom, one-bathroom home situated on the property, providing immediate residential use or potential rental income. The property's total acreage includes 1.9 acres zoned commercial (where the cotton gin is located) and an additional 1.11 acres zoned residential, offering flexibility and expansion possibilities. The property is priced at $140,000, representing a significant value for its size, location, and historical significance. This is a chance to own a piece of Abbeville's heritage while establishing a thriving business. The property's versatility and prime location make it an attractive investment with significant upside potential. Don't miss this unique opportunity to acquire a piece of history and build your future.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.9 ac (82,764 SF)
APN 046-00-00-041
UPID US77-2701300
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Thomas Nelson · 18 yrs held
Thomas Nelson
since 2008
1 recorded transaction
2008
$15,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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