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Luxury Storage & Sales Opportunity in Seneca, SC. 298 By-Pass 123 and 210 Worth Street. This property is a rare opportunity to create a high-end boat and RV storage facility, dealership or service center in a location with unmatched visibility and flexibility. Designed for Premium Storage. Ideal for Luxury Boat & RV Storage. With over 21, 000 square feet under roof and nearly 4 acres of land, this property is built to accommodate large vehicles with ease. There's ample room for covered or enclosed storage, valet service and climate controlled options. High-Impact Display Area. The elevated frontage offers a natural showcase for high-end boats, RV's, or vehicles-perfect for attracting attention from the highway and highlighting premium inventory. Engineer-Approved Building. The structure has been reviewed and approved by a licensed engineer and is ready for immediate use. Whether for storage, service, or sales, the hard part is already done. Visibility and Brand Presence. Direct Access and Visibility on By-Pass 123. Located on a major corridor with consistent traffic, your operation will benefir from exceptional Visibility and Easy Access for customers trailering boats or driving motorhomes. Monument Signage in Place. Professionally installed signage is already up and ready for your branding, saving you time and cost. Room to Expand. Includes adjacent parcel with frontage on Worth Street, giving you flexibility to exoand into additional services like detailing, custom builds, or client amenities. Financial Advantages. This site qualifies for South Carolina's recently approved tax credit program, potentially offering significant savings on rehabilitation and development costs. The Seneca Journal had an article on August 29th, 2024 that Governor McMasters signed an Abandoned Buildings Tax Credit extending to year 2035 for vacant buildings where at least two-thirds of a building has been vacant for at least 5 years, in order to qualify, allowed savings up to $ 700K, to qualify rehabilitation costs must be at least $ 75K, $ 150K or $ 250K depending on the population of the city or town, the building is located. Minimal Carrying Costs. Annual property taxes are approximately $ 146, allowing for low overhead while you build out a high-margin business model. Ideal for High-end Boat and RV storage. Premium Marine or RV dealership. Indoor/outdoor Showroom with Customer Lounge. Concierge Service and Detailing Center. Multi-Use Retail or Commercial Hub with expansion potential.
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Our Executive Mortgage Banker:
$687,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $550,000 | $550,000 | $550,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $12 | $12 | $12 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,123 | $3,294 | $4,385 |
| Total Monthly Payment | $3,227 | $3,398 | $4,489 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.