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33256450
33256356

4223 Cedar Creek Rd, Lancaster, SC 29720

BG
NC 171620
6 Summit Partners
Listed by 6 Summit Partners
$2,400,000
6 days on market
Updated 6 days ago

4223 Cedar Creek Rd - Event Venue/Estate

Details
Property Type Land, Special Purpose (+1)
Sub Type Commercial, Business and Building (+1)
Square Footage 5,000
Net Rentable (SqFt) 5,000
Cap Rate 4.17%
NOI $100,000
Tenancy Vacant
Class A
Year Built 2019
Buildings 1
Acreage 8.470
Zoning AR (Agricultural Residential)
Ground Lease No

Land | 8.47 acres

Marketing description

4223 Cedar Creek Rd is strategically located half way between Charlotte, NC and Columbia, SC just off Interstate 77. Located 55 miles south of Charlotte Douglas Airport and 48 miles north of Columbia, SC this one of kind property is truly in the path of progress. Set on a bluff overlooking the Catawba River just outside Great Falls, SC the property is directly adjacent to over 4,200 existing or planned residential homes.

The property is immediately adjacent to the 841-acre new Catawba Ridge Residential Development that will deliver 1,500 new homes over the next decade. Construction set to begin in 2027. Edgewater Development and golf course are located a 10-minute drive from the property as part of the 1,200 home development on the Catawba River.

4223 Cedar Creek represents a unique real estate offering comprising a high-quality, custom-built estate property currently utilized as a boutique event venue, set on a well-positioned and highly improved tract in Lancaster County, South Carolina.

The property features a combination of permanent structural improvements and extensive site enhancements, including a purpose-built event facility, multiple outdoor gathering areas, waterfront access, and professionally designed landscaping, all contributing to its functional utility and aesthetic appeal.

Investment highlights

  • 8.47 acres with custom-built 5,000 SF event facility, outdoor amphitheater, outdoor gathering areas, waterfront access overlooking the Catawba River.
  • Developed in 2019
  • Located off I-77 exit 55 (Highway 97) near Great Falls & Lancaster, SC about 1 hour from Charlotte
  • Operated as boutique event venue for last 5 years with +/-40 weddings/year
  • Outstanding opportunity for family estate or entrepreneur/operator to continue as event business
  • Zoned AR (Agricultural Residential) allowing for event venue, single family home/estate, riding stables, indoor/outdoor kennels, bed & breakfast, etc.

Listing Contacts

BG
NC 171620
6 Summit Partners
Listed by 6 Summit Partners

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$100,000.00
$8,333.33/mo

Valuation Metrics

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DSCR
4.17%
Cap Rate
4.17%
ROI

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