Massive High Yield 3-Acre Agricultural Worker Housing Potential Site
$45,750
71 Press Walters Road, Hartsville, SC 29550
3.16 acres
Lot Area
14,483
Price Per Acre
Details:
Highlights:
- Low basis acquisition with meaningful land control. At a $45,750 asking price for 3.16 acres, the offering provides buyers with control of a 137,603 SF site at a basis that can support multiple repositioning paths. That entry price is particularly relevant for investors pursuing small-scale workforce or infill housing concepts where land cost discipline drives returns.
- Existing improvement supports a staged execution strategy. The property includes a 720 SF building constructed in 1974 and one building total on site. While not presented as a stabilized income asset, the existing structure provides a buyer with a physical starting point that may support interim use, renovation analysis, or phased site planning.
- OM positions the asset for housing-oriented land use. Marketing language specifically frames the property as a “3-Acre Agricultural Worker Housing Potential Site” and “Ideal for Land/Multifamily investment.” For buyers targeting niche residential demand, that positioning establishes a clear thesis around evaluating worker housing, rental infill, or other housing-related concepts through local entitlement review.
- Seller financing can reduce upfront capital needs. The OM outlines potential structures including one-third down with a 3- to 5-year seller-financed balance and invites discussion of alternative down payment terms. That flexibility can improve leverage efficiency for private investors and provide additional time to complete site planning, title work, and exit execution.
- Location offers access to established Hartsville demand drivers. The OM highlights nearby anchors including Coker University, Sonoco, downtown Hartsville amenities, and access to major roadways. For investors underwriting future occupancy rather than current cash flow, those nearby institutions help position the property within a broader employment and service ecosystem.
- Demographic profile supports a targeted, low-density housing thesis. Within one mile, the OM reports 173 residents, 56 households, and average household income of $71,550. These figures do not indicate dense urban demand, but they do support a selective strategy focused on modest-scale housing or specialized occupancy rather than large-format development.
- The transaction structure leaves room for value creation but requires disciplined diligence. The property is offered as-is, where-is, was purchased at a tax sale, and will be conveyed by quitclaim deed with no quiet title action performed by the seller. For experienced buyers comfortable addressing title, planning, and development questions, that complexity may create the opportunity to buy below the basis typically required for cleaner, fully de-risked land offerings.
Description:
PAY DOWN 1/3 + OWNER FINANCE BALANCE 3-5 YRS + MAXIMIZE RENTAL INFILL = HUGE YIELD $$$ Invest in the future with this prime property located in the thriving Hartsville area. The 720 SF building, constructed in 1974, offers a solid foundation for the discerning Land/Multifamily investor. Boasting a strategic location, this property presents an exceptional opportunity to capitalize on the growing demand in Hartsville. With its versatile potential and strong market appeal, this property is perfectly positioned for those seeking to make a smart investment in a dynamic and promising area. Don't miss out on the chance to shape the future of this vibrant community with this compelling property offering.
$45,750.00 Sales Price | Possible Owner Financing. Commission Structure is a $5,550.00 Flat Fee Split Between the Listing and the Selling Brokerage if a selling brokerage is involved. Property transfers at closing or seller financing payoff. Property "AS IS, WHERE IS". All potential uses are subject to Buyer Due Diligence with Chesterfield County Planning and Zoning. Discuss a possible half-down and Seller Financing of the balance. Solely Buyer Due Diligence Responsibility. Purchased at a tax sale. Research neighborhood development standards solely via buyer due diligence. No suit to quiet title performed or to be performed by Seller. Closing costs are the buyer's costs other than the basics. The seller will execute a Quitclaim Deed at his cost, and the Attorney will focus on the other costs and the Buyer's costs on the Buyer's nickel.
Documents:
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Offering Memorandum
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Location
Gallery