Kendall Mill | 100 CTC Dr
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Kendall Mill 100 CTC Dr
87,092 SF Industrial Building Edgefield, SC 29824 For Sale
Investment Highlights
- Kendall Mill is a historic building showcasing intricate details and craftsmanship from a bygone era.
- Conveniently located within a 30 minute drive to US Route 25 and situated with easy access to local amenities.
- Redevelopment project aimed at transforming the vacant historic building into essential workforce housing of 100 units.
- The Kendall Mill Property encompasses approximately 22 acres, featuring the historic Kendall Mill Textile Mill, two picturesque ponds, lush greenery.
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
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Charlotte
872,498
157
3 h 12 m
Jacksonville
903,889
279
5 h 31 m
Nashville
669,053
418
7 h 54 m
Washington
702,455
548
10 h 26 m
Columbus
892,533
559
11 h 22 m
Indianapolis
867,125
606
11 h 58 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
15,442
Total Labor Force
6,963
Unemployment Rate
3.58%
Median Household Income
$45,625
Warehouse Employees
1,797
High School Education Or Higher
83.00%
PROPERTY TAXES
| Parcel Number | 137-08-01-042-000 | Improvements Assessment | $0 |
| Land Assessment | $142,230 | Total Assessment | $142,230 |
PROPERTY TAXES
Parcel Number
137-08-01-042-000
Land Assessment
$142,230
Improvements Assessment
$0
Total Assessment
$142,230
zoning
| Zoning Code | CD (Conditional zoning district) |
| CD (Conditional zoning district) |
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Kendall Mill | 100 CTC Dr
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