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    FOR SALE
    Manufacturing properties

    1208 Old Norris Rd, Liberty, SC 29657

    102,918 SF
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US77-1447106
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a substantial 182,508-square-foot light manufacturing building situated on a generous 27.47-acre lot in Liberty, South Carolina. The property, located at 1208 Old Norris Rd, is classified as Class B and zoned for Industrial Light Manufacturing. The building boasts significant features including approximately 12,166 square feet of office space, four exterior truck doors, one interior truck dock well, and two drive-in doors. Ample parking is provided with 207 spaces. The building offers approximately 18'-22' clear heights and is 98% air-conditioned. A long-term tenant currently occupies the building, having been in place for approximately 60 years. The existing lease expires on March 31, 2029, with a single ten-year renewal option available. This property represents a compelling investment prospect due to its size, features, existing tenancy, and strategic location in Pickens County, SC, zip code 29657. The property's substantial size and established tenancy make it an attractive option for investors seeking a stable, long-term income stream. The ample acreage also allows for potential future expansion or development.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Construction WOOD FRAME
    Total area 102,918 SF
    APN 4087-00-14-3754
    UPID US77-1447106
    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
    Current use
    Occupant on record · Public records
    • Velvet Drive Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.69M
    Blend (final) Blend
    $3.69M
    Owner & transaction history
    Regal Beloit Corp · 8 yrs held
    Regal Beloit Corp
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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