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RAIL SYSTEM JUNCTION AREA INDUSTRIAL REDEVELOPMENT PROJECT Industrial | Zoned Recycling | Junction Palmetto Railways & CSX

$4,500,000

304 Hoover Street North, Hampton, SC 29924

Pending
Last Updated: 09/06/2024

752,385 sqft

Building Size

57.36 acres

Lot Area

Details:
Building Size:    752,385 sqft
Lot Area:    57.36 acres
Zoning:    Industrial & Recycling
Parking Spots:    1,000
Description:

Drone Video: https://www.youtube.com/watch?v=M1EmTPYA0SU:

Location:
This industrial redevelopment opportunity is perfectly positioned just 15 minutes from Exit 38 on I-95. It offers excellent connectivity to the Ports of Charleston, SC, and Savannah, GA, as well as major aerospace hubs.

Key Features:



Aquifer on Site: A significant aquifer with a capacity of 330,000,000 gallons, capable of supplying the entire county, adding long-term value to the site. 800' foot well to the aquifer exists but requires testing to ensure viability to engage.


Redevelopment Potential: Ideal for industrial improvement, with engineering resources available to pre-design upgrades to the existing facility.


Additional Income Sources: Take advantage of abandoned building tax credits, as well as potential income from recycling steel, brick, and Heart Pine materials. The value of materials onsite could potentially supersede the acquisition cost of the site. This is solely buyer due diligence coupled with estimates procured ongoing. As estimates are procured from steel, brick, heart pine timber, and other valuable items still onsite, those estimates will be added as due diligence locker items. Again, by buying now, you get the value rather than the items being sold and removed from the site. Also, there are the Abandoned Building Tax Credits to consider. See the attachment regarding those.


Rail Access: The junction of Palmetto and CSX Rail is located on-site or contiguous. Palmetto Railways may be interested in using the location as a rail yard to enhance its logistical capabilities. The rail access can be used to ship the steel and other rendered valuable deliverables to market in bulk format.


Tax Incentive: Enjoy a $20k per employee tax incentive located in a Tier County that supports industrial job creation.



This unique property offers endless redevelopment potential, significant logistical advantages, and attractive tax incentives, making it a high-value investment for developers and investors alike.


This industrial redevelopment opportunity is perfectly positioned just 15 minutes from Exit 38 on I-95, offering excellent connectivity to the Ports of Charleston, SC, and Savannah, GA, as well as major aerospace hubs.




South Carolina is a top-five state in employment concentration for many manufacturing, scientific, and engineering occupations.


SC is home to more than 180 aerospace-related companies.


SC is home to more than 250 automotive-related companies.


South Carolina's strategic location offers a unique advantage for distribution, allowing businesses to reach 2/3 of the U.S. population within a two-day drive.


Additional Income Sources: Take advantage of abandoned building tax credits, as well as potential income from recycling steel, brick, and Heart Pine materials. The value of materials onsite could potentially supersede the acquisition cost of the site. This is solely buyer due diligence coupled with estimates procured ongoing. As estimates are procured from steel, brick, heart pine timber, and other valuable items still onsite, those estimates will be added as due diligence locker items. Again, by buying now, you get the value rather than the items being sold and removed from the site. Also, there are the Abandoned Building Tax Credits to consider.


Drone Video: https://www.youtube.com/watch?v=M1EmTPYA0SU:


What is more important than any one deal? Remember that in this industry, connections and relationships count. Connect with me at linkedin.com/in/gilbradhamjr29487, and along with my other managing partners, Lorne Ottinger, Kyle Ferguson, and Greg Myers, we will create synergistic and profitable relationships beyond this one asset. Let's think outside the box.

Map:
Documents:
Title
Redevelopment Site Drone Video w/ High Value Reclamation Materials
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SC Private Letter Ruling #14-3 Abandoned Building Tax Credits Questions
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Location
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