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33256092
33256087

2 Locations

CJ
SC 141904
The Stonebrook Group
AC
SC 141414
The Stonebrook Group
Listed by The Stonebrook Group
$899,000
3 days on market
Updated 3 days ago

Seneca Main Street Redevelopment

Details
APN 520-30-08-010
Property Type Multifamily, Mixed Use (+1)
Sub Type Commercial, Single Family Rental Portfolio (+1)
Units 47
Class C
Stories 1
Acreage 6.240
Zoning Commercial - Vacant Land
Investment Type Redevelopment
Ground Lease No
Sale Condition N/A

Seneca Main Street Redevelopment | ±6.24 AC Downtown Site | Textile Credit + OZ Potential

Marketing description

The Stonebrook Group is pleased to present Seneca Main Street Redevelopment, a rare ±6.24-acre downtown redevelopment opportunity located along E Main Street in Seneca, South Carolina.

Positioned along the Main Street corridor, the property offers downtown visibility, meaningful scale, historic textile mill character, and flexible redevelopment potential in one of the Upstate’s most compelling lake and university-influenced markets. The site is located minutes from Clemson University, Lake Keowee, Lake Hartwell, and the broader Greenville-Spartanburg growth corridor.

Seller-provided materials indicate the property is certified for South Carolina textile mill redevelopment tax credits, including potential 25% state tax credits with no cap on qualified rehabilitation and construction costs.

The materials also reference the potential to combine these credits with additional federal and local incentives, which may significantly improve project economics for qualified buyers and developers.

In addition, approximately 3 acres of the site are located within an Opportunity Zone, per seller, creating another potential incentive layer for investors evaluating long-term redevelopment strategies.

The property has been positioned for a variety of redevelopment concepts, including mixed-use development, multifamily, townhomes, retail and hospitality, adaptive reuse, and entertainment or civic destination uses. Conceptual materials have also contemplated preservation of the historic water tower as a signature project feature.

With a compelling acquisition basis, Main Street visibility, partial Opportunity Zone positioning, and powerful textile redevelopment incentive potential, Seneca Main Street Redevelopment represents a rare opportunity to participate in the continued revitalization of Downtown Seneca.

Buyer shall independently verify acreage, zoning, utilities, environmental conditions, tax credit eligibility, Opportunity Zone applicability, incentive availability, and development feasibility.

All information is deemed reliable but not guaranteed. Buyer shall independently verify acreage, zoning, utilities, environmental conditions, tax credit eligibility, Opportunity Zone applicability, incentive availability, and development feasibility.

Investment highlights

Investment Highlights:

  • ±6.24-acre downtown Seneca redevelopment opportunity
  • Offered at $899,000
  • Frontage and visibility along E Main Street / Main Street corridor
  • Fully cleared and ready to build, per seller-provided materials
  • Certified South Carolina textile mill redevelopment site
  • Potential 25% state textile tax credits with no cap on qualified rehabilitation and construction costs
  • Potential combination with additional federal and local incentives
  • Approximately 3 acres located within an Opportunity Zone, per seller
  • Ideal for mixed-use, multifamily, townhomes, retail, hospitality, adaptive reuse, or entertainment/civic destination concepts
  • Conceptual redevelopment materials contemplate townhomes, adaptive reuse, and preservation of the historic water tower
  • Located minutes from Clemson University, Lake Keowee, and Lake Hartwell
  • Flexible deal structure with negotiable terms available

Listing Contacts

CJ
SC 141904
The Stonebrook Group
AC
SC 141414
The Stonebrook Group
Listed by The Stonebrook Group

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Additional Information

Name
Christian Joyce
License
141904
Brokerage
The Stonebrook Group - A Rich Southern Properties Team
Brokerage Phone
8643246035
Title
Principal / Managing Partner
Brokerage Address
11 Perry Avenue
Name
Austin Cain
License
141414
Brokerage
The Stonebrook Group - A Rich Southern Properties Team
Brokerage Phone
8643241726
Title
Principal / Managing Partner
Brokerage Address
11 Perry Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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