Hospital Adaptive Redevelopment Focus - Workforce & USC Student Housing
Union, SC 29379

$1,975,000 USD

Continuing Care Retirement Community For Sale • 127,000 SF

Property Details

Property Type Continuing Care Retirement Community
Total Building Size 127,000 SF
Lot Size 7.6 AC
Building Class C
Year Built 1921
Zoning Union Hospital District

30 Walk Score

                
                    Highlights
                
                                Bailey Bill Tax Credits: https://www.masc.sc/uptown/11-2020/economic-development-tools-bailey-bill
                            
                                Historic Tax Credits: https://www.masc.sc/uptown/10-2019/economic-development-tools-historic-rehabilitationcredits
                            
                                This is a massive facility with a fully operational Physical Plant, 246 parking spaces, and all the components of a Hospital, poised for change.
                            
                                University Hospital Adaptive Reutilization with a huge tier of Tax Credits and other structures within the scope of the South Carolina Union Campus
                            
                                The valuation of this Hospital is over $7M, but this acquisition can be made for under $2M. Tax Credits eliminate issues for up to 20 years.
                            
                                Focus forward to Tier 4 County Industrial, Land-Dev, Retail, Housing, etc. next to Greenville / Spartanburg.  Reach out to me.