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

$4,500,000

304 Hoover Street North, Hampton, SC 29924

Pending
Last Updated: 09/05/2024

752,385 sqft

Building Size

57.36 acres

Lot Area

Details:
Building Size:    752,385 sqft
Lot Area:    57.36 acres
Year Built:    1950's
Zoning:    Industrial & Recycling
Parking Spots:    1,000
Construction Status:    Derelict
Investment Strategy:    Opportunistic
Highlights:
  • Thousands of tons of steel onsite ready to be salvaged and sold for strong returns.
  • Millions of Board Feet of Heart Pine Timber and Old Brick with purchase interest for the same.
  • 330,000,000 gallons of water available from aquifer underneath with 1,000 acres of Hydroponic Greenhouses several miles away.
  • Junction Point of Two Major Rail Systems adjacent | Palmetto Railways & CSX
  • Fifteen (15) Minutes from Interstate I-95.
  • It offers excellent connectivity to the Ports of Charleston, SC, and Savannah, GA, as well as major aerospace hubs.
  • Potential for Data Center Utilization in a Tier 3 Incentive County.
  • IOS (Industrial Onsite Storage) Potential is Exponential and see if you can get designated as an FTZ per discussion with Southern Carolina Alliance.
  • Dominion Energy is capable of delivering plenty of megawattage to the Site.
Description:

Marketing 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. There is currently a well tapped to 800' to that aquifer. It has yet to be retested but is capable of being tested.

Redevelopment Potential: This area is ideal for industrial improvement, with engineering resources available to pre-design upgrades to existing facilities or newly constructed facilities.

Additional Income Sources: Take advantage of abandoned building tax credits and potential income from recycling steel, brick, and Heart Pine Timber materials. The value of materials on site could supersede the acquisition cost of the site. This is solely buyer due diligence coupled with estimates that are procured on an ongoing basis. As estimates for value, such as the Heart Pine Timber and Steel, are procured, they will be placed in a due diligence locker to verify potential offsets to the purchase price.

Rail Access: The junction of Palmetto and CSX Rail is located on-site. Palmetto Railways may be interested in using the location as a rail yard to enhance its logistical capabilities, or at least it is contiguous along with CSX. This rail capacity can be utilized to ship steel and other deliverables offsite to final markets in bulk.

Tax Incentive: Enjoy a $20k per employee tax incentive in a Tier 3 County supporting 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.

Investment Highlights
https://www.youtube.com/watch?v=M1EmTPYA0SU:

Doing Business Here:

South Carolina ranks among the Top five states in employment concentration for several 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.

For distribution, SC offers an excellent location to reach 2/3 of the U.S. population within a two-day drive.

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 we will create synergistic and profitable relationships beyond this one asset along with my other Managing Partners, Lorne Ottinger, Kyle Ferguson, and Greg Myers. Let's think outside the box.

Map:
Documents:
Title
EagleViewExport_NEVAMAR.pdf
Nevamar_-_Kingship_Collective_OM.pdf
SC_Private_Letter_Ruling__14-3_Abandoned_Building_Tax_Credits_Questions.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery