Kendall Mill | 100 CTC Dr
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Kendall Mill 100 CTC Dr
87,092 SF Vacant Office Building Edgefield, SC 29824 For Sale
Investment Highlights
- Historic Building, Architectural Charm, Scenic Surroundings, Convenient Location, Rich history,Vibrant Community
- Renovation includes Historic building Converted into 100 MF Rental Units totaling 114,000 SF of Rentable Built Area
Executive Summary
We have a Historic Real Estate Rehab Multifamily - JV opportunity in Edgefield SC. It has all approvals and tax credits eligibility. Shovel ready. We are looking for an Equity partner. .Requires about $3 million. Sources could include Workforce Housing Bonds namely JEDA Bonds.
This is a project in progress valued at about $3.1 million for the historic Mill and the 22 acres and you can purchase it AS IS shovel and construction permit ready with approvals, (After tax credits at completion of projects you will get about $650K of this in credits so it will cost net $2.3 MN)
Project consists of 22 acres including to say about 114,000 sf of historic lofts re-development (see video) - zoned for 100 unit MF- estimated cost $27.5 million project including $3.5 million in Development Fee income.
Additional 25% upshot for future ground up developments under Footprint rule: ( more analysis needed)
The future ground up phases on the land are entitled with 25% Mill credits which we can help you get. This is a major cash upshot in this development.
Call Center and other commercial uses Concept:
COMMERCIAL VENTURE OPTION
Exploring the building's potential, we're also considering a dual-purpose approach: it can serve as a call center or accommodate various other commercial uses. With its readiness for quick occupancy and existing infrastructure, the space is primed for either option. Leveraging this flexibility, we aim to cater to the demand for customer service solutions while also offering opportunities for diverse commercial ventures, appealing to a wide range of tenants and revenue streams.
CFO, Guru will be glad to explain it over a call. Please call 773-919-8075 or email(guru@dubingurugroup.com).
This is a project in progress valued at about $3.1 million for the historic Mill and the 22 acres and you can purchase it AS IS shovel and construction permit ready with approvals, (After tax credits at completion of projects you will get about $650K of this in credits so it will cost net $2.3 MN)
Project consists of 22 acres including to say about 114,000 sf of historic lofts re-development (see video) - zoned for 100 unit MF- estimated cost $27.5 million project including $3.5 million in Development Fee income.
Additional 25% upshot for future ground up developments under Footprint rule: ( more analysis needed)
The future ground up phases on the land are entitled with 25% Mill credits which we can help you get. This is a major cash upshot in this development.
Call Center and other commercial uses Concept:
COMMERCIAL VENTURE OPTION
Exploring the building's potential, we're also considering a dual-purpose approach: it can serve as a call center or accommodate various other commercial uses. With its readiness for quick occupancy and existing infrastructure, the space is primed for either option. Leveraging this flexibility, we aim to cater to the demand for customer service solutions while also offering opportunities for diverse commercial ventures, appealing to a wide range of tenants and revenue streams.
CFO, Guru will be glad to explain it over a call. Please call 773-919-8075 or email(guru@dubingurugroup.com).
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
87,092 SF
Building Class
C
Year Built/Renovated
1896/1999
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
29,031 SF
Building FAR
0.09
Lot Size
21.55 AC
Zoning
CD
Parking
202 Spaces (2.32 Spaces per 1,000 SF Leased)
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
2,536
4,654
6,048
2024 Population
2,664
4,910
6,411
Population Growth '20-'24
5.1%
5.5%
6.0%
2020 Households
902
1,489
1,942
2024 Households
941
1,562
2,050
Household Growth '20-'24
4.3%
4.9%
5.6%
Average Age
43
44
44
Median Household Income
$31,184
$35,909
$41,666
Daytime Employees
1,318
2,880
3,250
Total Businesses
174
260
294
College Degree + Higher
14%
13%
14%
$ values in USD
PROPERTY TAXES
| Parcel Number | 137-08-01-042-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $200,032 CAD | Total Assessment | $200,032 CAD |
PROPERTY TAXES
Parcel Number
137-08-01-042-000
Land Assessment
$200,032 CAD
Improvements Assessment
$0 CAD
Total Assessment
$200,032 CAD
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Kendall Mill | 100 CTC Dr
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