129 Monarch Hwy - Warehouse FOR SALE


Union, SC 29379
$11,200,000 USD
704-802-9998
129 Monarch Hwy, Union, SC for Sale
$11,200,000 USD
Warehouse - FOR SALE
1/15
null | Request Cap Rate

129 Monarch Hwy
Union, SC 29379


HIGHLIGHTS

  • Located in between on Charlotte, Greenville and Columbia
  • Well maintained, fully fenced building
  • Various potential uses
  • Tax Credits and Rehabilitation Incentives

OVERVIEW

Incredible Industrial or Redevelopment Opportunity. This historic Monarch Mill building creates an outstanding redevelopment opportunity as well as ready-to-use industrial space. With 700,000 sq ft of usable, well-maintained space spanning over 17 acres, this property is a rare find in the current market. Strategically located between Charlotte, Greenville, and Columbia, it offers a great logistic advantage that enhances its appeal for businesses seeking efficient distribution channels. The expansive footprint allows for a variety of potential applications, including manufacturing, warehousing, or innovative mixed-use developments that blend residential, commercial, and recreational spaces. The building's solid infrastructure features modern utilities, high-capacity loading docks, and flexible floor plans that can accommodate diverse business needs. Surrounding the mill, the vast acreage provides ample parking, outdoor storage, or the possibility for further expansion, making it an ideal site for large-scale operations. The proximity to major highways facilitates quick access to key markets in the Southeast, ensuring that logistics and transportation are streamlined for any business operating from this location. The site's historic charm, combined with its advantageous location, positions it perfectly for attracting a wide range of tenants or buyers. With the growing trend of revitalizing industrial spaces into trendy lofts or collaborative work environments, this property presents a lucrative opportunity for visionary developers. Investors and entrepreneurs alike will find this an enticing prospect, offering both immediate utility and the potential for long-term growth in a dynamic market. Don’t miss the chance to transform this significant property into a landmark destination that honors its industrial roots while catering to modern needs. ————————————————————————————————————————- Land Lease in place - 7 AC at $150,000 / year Various Tax Credits and Incentives may be available: - Textile Revitalization Credits - Historic Preservation Tax Incentives - Baileys Bill Union SC - Federal Income Tax Credit for Low Income Housing - State Historic Rehabilitation Tax Credit

FOR SALE DETAILS

PRICE

$11,200,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Industrial | Redevelopment Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1940

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

16

DRIVE INS

7

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17

LAND SF

740,520

ZONING

Commercial

APN/PARCEL ID

074-11-14-018-000

ASK ABOUT THIS PROPERTY

Ola van ZylDream Team UnitedMore Info
704-802-9998

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Ola van ZylDream Team UnitedMore Info
704-802-9998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.