1167 Pendleton Street, Greenville, SC 29611

  • 1167-Pendleton-Street

Project Category: Original Use Property

  • Summary

    1.52 Acres zoned Redevelopment in an ‘Opportunity Zone’ in the West Village of Greenville, South Carolina.

  • Details
    Project Qualification: Original Use Property
    Real Estate:
    • Residential
    • Office
    • Retail
    • Hospitality
    Project Control: We own all the key property
    Timeline: 30-90 days
    File: Opportunity-zone-investment-proposal.pdf
     Address: 1167 Pendleton St Greenville South Carolina 29601 United States
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  • Project Narrative
    Project Narrative:

    This property is unique as an opportunity Zone investment for several reasons:

    1. The value of this property has been rapidly increasing, since we acquired it in 2016, even before ‘Opportunity Zone’ legislation was passed and before it was identified as such.
    2. We presently own this property free and clear, and it is already zoned for residential, commercial, or mixed use.
    3. There is excellent appreciation potential over 10 years. Most probably, this area will soon be an extension of downtown Greenville, which has become a highly desirable location.

    We invite fund managers of ‘opportunity zone funds’ to contact us about potential investment in partnership to develop this property. We have a few options with different start up costs. One of our options was in the late stages of permitting but presently on hold due to the potential for a larger project with greater density and increased ROIC.