For Sale. Downtown Greenville. US Finishing & Cone Mill Greenville, South Carolina 29609

Transcription

1 Downtown Greenville +/- 220 ACRES AVAILABLE FOR DEVELOPMENT ON THE SWAMP RABBIT TRAIL W. Blue Ridge Road (+/- 12,800 VPD) Old Buncombe Road (+/- 6,400 VPD) For Sale US Finishing & Cone Mill Greenville, South Carolina Rob Howell Senior Vice President Industrial & Investment Services O F C rob.howell@avisonyoung.com For More Information, Contact: Tabitha Cooper Associate Industrial & Investment Services O F C tabi.cooper@avisonyoung.com

2 Property Information Potential Economic Incentives Fee-in-lieu Special Source Revenue Credits Textile Communities Revitalization Act Credits Abandoned buildings tax credits New market tax credits Job tax credits Brownfields tax credits Federal historic property rehab tax credits Job development tax credits Utility tax credits State or local grants 2 te: Amounts and types of incentives will vary according to many factors. Offering Overview Located a mere 2.5 miles from Downtown Greenville and 3 miles from Furman University, this +/- 220 acre site boasts unequaled connectivity via arterial roads and 4,700 ft of frontage on the awardwinning Swamp Rabbit Trail. The U.S. Finishing property is the ideal location for a high-impact mixed use site including multi-family, single family, retail, office and light industrial. Formerly home to Cone Mills and later Union Bleachery, the facility was one of the largest denim producers in the world. Before the plant's closure in 2003, this site contributed meaningfully to the upstate's economy and was the center of the quaint mill village that surrounds it. After a fire at the plant in late 2003 and the subsequent shuttering of the textile operation, the property has lain dormant. The property is under receivership and is listed as a Superfund site. There is involvement from EPA and SCDHEC both of which would like to encourage a return to productive economic use that contributes to the community. Many areas of the property will likely qualify for Further Action. That determination will not be made until the record of decision. The ideal buyer is an experienced developer with a track record of working with County, State, and Federal agencies particularly involving properties with environmental challenges. In addition to collaboration opportunities with the EPA, DHEC, and Greenville County, Clemson University's Master of Real Estate Development Program has convened an interdisciplinary team to assist a future development buyer in site visioning should they desire. Pricing Information $20,000 Per Acre Contact Information Rob Howell Senior Vice President C rob.howell@avisonyoung.com Tabitha Cooper Associate C tabi.cooper@avisonyoung.com Avison Young 511 Rhett Street, Ste. 2B Greenville, South Carolina O F

3 Property Directions GREER GREENVILLE SITE If coming from Downtown Greenville, head north on Academy Street and make a left onto College Street. Continue onto Buncombe Street for 0.3 miles. Continue straight onto SC-183/Pete Hollis Boulevard for 1 mile. Turn right onto Old Buncombe Road and continue on Old Buncombe Road for 1.6 miles. The destination will be on the left side of the road. 3

4 Parcel Specifications Swamp Rabbit & Creek Parcel Information Tax Map Property Type City, State, Zip County Municipality Zoning Acreage Land Greenville, SC Greenville Greenville County I-1 & R Blue Ridge Parcel Information Tax Map Property Type City, State, Zip County Municipality Zoning Acreage Land Greenville, SC Greenville Greenville County I Existing Building Functional Building Size Functional Building Use Combined Traffic Count (VPD) +/- 21,000 Existing Building Functional Building Size Functional Building Use Combined Traffic Count (VPD) +/- 21,000 Land Type Site Cleared Site Has Restrictions Site Has Retention Pond Commercial/Other Yes Land Type Site Cleared Site Has Restrictions Site Has Retention Pond Commercial/Other Yes Electricity/Power Water Sewer Telephone Cable Electricity/Power Water Sewer Telephone Cable 4

5 Parcel Specifications Dry & Wet Pond Parcel Former Plant Parcel Information Tax Map Property Type City, State, Zip County Municipality Zoning Acreage Land Greenville, SC Greenville Greenville County I-1 & R Information Tax Map Property Type City, State, Zip County Municipality Zoning Acreage Land Greenville, SC Greenville Greenville County I Existing Building Functional Building Size Functional Building Use Combined Traffic Count (VPD) Yes Yes +/- 21,000 Existing Building Functional Building Size Functional Building Use Combined Traffic Count (VPD) 1 (One) 30,000 sf building Storage/Redevelopment +/- 21,000 Land Type Site Cleared Site Has Restrictions Site Has Retention Pond Commercial/Other Yes Yes Land Type Site Cleared Site Has Restrictions Site Has Retention Pond Commercial/Other Yes Electricity/Power Water Sewer Telephone Cable Electricity/Power Water Sewer Telephone Cable 5

6 Utility Map UTILITY MAP LEGEND PROPERTY BOUNDARY 6" Line REWA SEWER MAIN LINES rth Greenville Tie Station 100 kv Circuit Sulphur Springs Rd PARKER SEWER LINES DUKE ENERGY LINES GREENVILLE WATER LINES 100 kv Circuit 6" Line W Blue Ridge Dr 8" Line 44 kv Circuit 30" Line 8" Line Old Buncombe Rd 44 kv Circuit 6

7 Parcel Map MAP LEGEND SWAMP RABBIT & CREEK PARCEL Swamp Rabbit Trail Sulphur Springs Rd Dry & Wet Pond Parcel +/ Total Acres BLUE RIDGE PARCEL DRY & WET POND PARCEL FORMER PLANT PARCEL GHS SWAMP RABBIT TRAIL W Blue Ridge Dr Former Plant Parcel +/ Total Acres Swamp Rabbit & Creek Parcel +/ Total Acres Blue Ridge Parcel +/ Total Acres Old Buncombe Rd 7

8 Aerial Property Photos Downtown Greenville Dry & Wet Pond Parcel acres Former Plant Parcel acres Swamp Rabbit & Creek Parcel acres W. Blue Ridge Road (+/- 12,800 VPD) Old Buncombe Road (+/- 6,400 VPD) 8

9 W. Blue Ridge Road (+/- 12,800 VPD) US Finishing & Cone Mill Aerial Property Photos Blue Ridge Parcel 19.6 acres Former Plant Parcel acres Dry & Wet Pond Parcel acres Swamp Rabbit & Creek Parcel acres Old Buncombe Road (+/- 6,400 VPD) 9

10 Aerial Property Photos E Facing View SE Facing View SE Facing View NE Facing View 10

11 Local Happenings POINSETT CORRIDOR GREENCO BEV. MARKLEY STATION JUDSON MILL "The emerging Poinsett Corridor could support more rental housing, a tech and entrepreneurship district, and even an upper midscale hotel in the coming years, according to a new market analysis commissioned by the Greenville Revitalization Corp. In the wake of new activity such as the 11-acre Greenco Beverage distribution center and several years after launching a coalition to revitalize the corridor the report highlights what advocates have been saying for years, say stakeholders: Things are happening in the Poinsett Corridor..." "Founded in 1916, Greenco Beverage looks ahead to the next generation and continued growth in Greenville County including its new Poinsett Corridor distribution center... Established 100 years ago, family-owned Greenco is one of the area s largest beverage distributors. It is building a stateof-the-art 120,000-square-foot distribution center on Poinsett Highway in Greenville to replace the company s outdated facility on Commerce Road. The new facility will help propel Greenco forward into a second century of business, one Farr vows will be of continued growth and expansion and not just hanging on..." "RealOp Investments, a Greenville-based commercial real estate investment group, has purchased four vacant buildings on Markley Street and plans to renovate and preserve the former warehouse property in the city s historic West End. RealOp officials said the urban revitalization project, called Markley Station, continues the neighborhood s ongoing development and momentum. It will blend historic buildings with timeless finishes to house a mix of offices, retail and restaurants, the officials said. RealOp also purchased property across the street that the company intends to convert into parking..." "A rth Carolina company plans a major redevelopment of the 36-acre Judson Mill property near downtown Greenville that would include office and warehouse space, up to 400 apartments and retail space along U.S. 123 that could house a grocery. The proposed mixed-use development at the 100-year-old textile manufacturing complex at 701 Easley Bridge Road (U.S. 123) would also involve construction of a two-deck parking garage with 400 spaces, according to plans on file at County Square. Spartanburg s Milliken & Co. was making textiles at the West Greenville site until last year, when it closed the yarn plant, affecting 200 workers..." -Upstate Business Journal, vember 17, Upstate Business Journal, February 10, Upstate Business Journal, July 7, Upstate Business Journal, August 11,

12 Local Happenings HAMPTON STATION BIRDS FLY SOUTH MULTIFAMILY TROLLEY "Work is ongoing in Greenville s west side Water Tower District as tenants continue to line up for a place at Hampton Station. The 100,000-square-foot former cotton warehouse on Hampton Avenue, down the street from Swamp Rabbit Café and Grocery, is already home to Lions Roar CrossFit and Invert Skate Shop. New tenants for the multiuse space include commercial real estate firm Avison Young, which will occupy 2,500 square feet. The firm is managing and leading the transformation of the property. LiveWell Greenville will also move its offices, taking 2,500 square feet..." "Birds Fly South Ale Project has officially landed at Hampton Station. The brewery occupies 9,000 square feet at the former cotton warehouse in Greenville s West End Water Tower District, and, according to brewer and co-owner Shawn Johnson, it was designed with an urban farmhouse feel. The location will include an indoor tasting room with a standup bar and roll-up doors, long farmhouse-style tables, barrel tables with stools and approximately 2,000 square feet of outdoor seating. The tasting room will offer 10 craft beer taps, focusing on saisons and sours, but including some IPAs and pale ales..." "Up the road on Academy at Westfield Street is a project that promise to be more than 200 luxury lofts. The Lofts of Greenville, as its named is an Arlington Properties project. The development is part of Mayor Knox White's vision for a Greenville's West Side. Read more here.a 365-unit apartment building called District West is popping up along Reedy View Drive behind Linky Stone Park. The project was originally slated to be completed by May 2016, with early residents moving in last February. The District West website now says leasing is available for July..." "One of the city s new trolleys would serve Augusta Street, Cleveland Park and the Greenville Zoo, while the other would serve the Village of West Greenville under routes unveiled by Greenlink Monday afternoon. The city is buying and funding operation of two new trolleys. The trolleys, which are being paid for through hospitality tax revenue, must support restaurants, retail, parks and leisure destinations outside the central business district by providing tourists and residents transportation. The trolleys are free and will start at Falls Park. The first proposed route would serve The Village of West Greenville by traveling Pendleton Street to Brandon Mill..." -Upstate Business Journal, June 29, Upstate Business Journal, August 19, Greenville News, June 16, Greenville Journal, January 17,

13 Parcel Key Zoning Map Zoning Key SWAMP RABBIT & CREEK PARCEL: +/ ACRES BLUE RIDGE PARCEL: +/ ACRES DRY & WET POND PARCEL: +/ ACRES FORMER PLANT PARCEL: +/ ACRES I-1: INDUSTRIAL Established as a district for manufacturing plants, assembly plants and warehouses. The following are examples of permitted uses not limited to the following: junkyards with a Special Exception, group industrial development, and industrial uses. S-1: SERVICES Established to provide a transition between commercial and industrial districts by allowing commercial uses which are service related and uses which involve light industry having a minimal effect of adjoining properties. The following are examples of permitted uses not limited to the following: institutional drycleaning, commercial and industrial gas sales, kennel (outside runs), pest or insect control business, photo processing (production). R-7.5, R-10: SINGLE FAMILY RESIDENTIAL These districts are established as areas in which the principal use of land is for single-family dwellings, both attached (R-10, R-7.5, and R-6) and detached (all districts). Minimum lot size*: R-20: 20,000 sf 2.2 Dwellings Per Acre R-10: 10,000 sf 4.4 Dwellings Per Acre R-15: 15,000 sf 2.9 Dwellings Per Acre R-7.5: 7,500 sf 5.8 Dwellings Per Acre R-12: 12,000 sf 3.6 Dwellings Per Acre R-6: 6,000 sf 7.2 Dwellings Per Acre R-M20: MULTIFAMILY RESIDENTIAL Established to provide for varying population densities. Minimum lot size (Open Space) - minimum lot area for single-family detached, single-family attached (townhouses, condominiums), and two-family (duplex developments) under the open space option. Minimum lot size - 7,500 sq ft. For single-family detached and two-family (duplex developments). Minimum lot size for Multifamily dwellings - 2 acres, however, within a 2 acre multifamily development, no minimum lot size required. Density is based on a maximum number of dwelling units per acre as specified by the zoning district. C-2: COMMERCIAL Established to provide for the development on major thoroughfares of commercial land uses that are oriented to customers traveling by automobiles and for the convenience of local residents including but not limited to the following: Auto Service Facilities and Stations, Catering Establishment, Electronics and home appliance repair. The C-2 districts is the only district in Greenville County that allows for ABC (liquor sales), and night clubs/taverns. Single-Family and Multifamily residential uses are allowed as conditional uses. 13

14 5 Mile Radius - Demographics 14

15 1-3-5 Mile Radius - Traffic Count Map 5 MILE 3 MILE 1 MILE 15

16 Thank you. avisonyoung.com 511 Rhett St, Ste. 2B Greenville, South Carolina O F Avison Young - South Carolina, Inc.