Alys Mill - 212 Rice Rd

For Sale

212 Rice Road, Easley, SC 29640

This Easley property for sale is located at 212 Rice Road. Contact the listing broker for details on the current sale price for Alys Mill - 212 Rice Rd.

Contacts

broker
Steven Peden

Avison Young - US - NC - Raleigh

broker
Rob Howell

Avison Young

broker
Gary W. Lyons

Avison Young

Property Details

  • Property Type Other
  • Additional Rent Contact for pricing
  • Year Built 1928
  • Date Updated Dec 17, 2024

This rare mill redevelopment project represents an extraordinary opportunity for a multifamily developer seeking a high visibility project in a tight submarket. Qualifies for multiple tax credits and is also situated in an Opportunity Zone.


Location description:

Located in Easley, SC, a small town in the Greenville/Spartanburg MSA. Once a depot for a railroad line, Easley now draws families with its quaint downtown, recreational trails, and proximity to Blue Ridge Mountain hiking trails and waterfalls.

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Highlights

  • Pickens County moratorium on all multi-unit residential extended 6 months (through 10/1/24)
  • Limited supply of new multifamily in the current development pipeline (lower vacancy than Greenville)
  • Bailey Bill tax abatement projected yield upwards of $4.65M in savings (over 15 yrs)
  • Property approved for Historic & Textile Mill Rehabilitation tax credits (approx. 40% rebate on construction costs)
  • Consistent submarket rent growth in recent years: rates averaging $1.35-1.60 sf/month
  • Limited supply of studio and 1 BR units in the market; the units can command significant per sf premium
  • Property is on the new, 7.5-mile Doodle Trail

Getting around

  • 1/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Easley, SC
  • Neighborhood Arial
  • Zip Code 29640
  • Market Greenville

Points of Interest

  • Kwik Trip

    1.51 miles

  • Hot Spot

    1.79 miles

  • 76

    2.15 miles

  • Dodge's

    2.95 miles

  • BP

    3.44 miles

  • M Mart

    3.67 miles

  • Gulf

    3.84 miles

  • Mobil

    4.39 miles

  • Jetco

    4.55 miles

  • Ingles

    4.71 miles

  • Doodle Trail Parking

    0.13 miles

  • West End Hall Parking

    2.08 miles

  • Public Parking

    2.25 miles

  • Doodle Station Parking

    2.35 miles

  • Legacy Square Parking

    4.60 miles

  • Bus Parking

    5.10 miles

  • Days Inn

    4.22 miles

  • Quality Inn

    4.42 miles

  • Baymont Easley/Greenville

    5.20 miles

  • Hampton

    6.34 miles

  • Walmart Supercenter

    3.41 miles

  • Publix

    3.61 miles

  • Ingles

    3.63 miles

  • Ross

    3.97 miles

  • Brock's Department Store

    4.66 miles

  • Marshalls

    5.43 miles

  • Kohl's

    5.49 miles

  • Bealls Outlets

    5.64 miles

  • ALDI

    5.70 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Alys Mill - 212 Rice Rd