Log In/Sign Up
Your email has been sent.
The Power House | Luxury Apartments & Retail 378 Technology Center Way 37 Unit Apartment Building $17,445,250 CAD ($471,493 CAD/Unit) 6.13% Cap Rate Rock Hill, SC 29730
Investment Highlights
- ±23-acre site with E-I zoning permitting townhomes, schools, religious institutions, and related uses.
- Former educational campus featuring ten buildings totaling ±102,900 square feet.
- Additional permitted uses by special approval, including medical, assisted living, and quasi-commercial functions.
- Three functional structures remain: office-classroom building, library, and gymnasium (±48,333 SF combined).
Executive Summary
Opportunity to acquire ±23-acres for a townhouse development or for a religious or educational campus in East Point, an Atlanta-bedroom community.
The (E-I) Educational-Institutional zoning allows townhomes, schools, religious facilities, day care and other public and private institutional uses. Additional uses may be allowed by special permit including medical, assisted living and certain quasi-commercial uses tied to institutions.
The site was a former educational campus with ten structures (±102,900 SF). Three of the buildings, (±35,383 SF) former dormitories and four buildings with 18 multifamily units (±19,184 SF) need to be demolished. While the pricing guidance is based on the land value less demolition costs, there are three possibly usable buildings (±48,333 SF). An office classroom building, a library building and a gymnasium.
The (E-I) Educational-Institutional zoning allows townhomes, schools, religious facilities, day care and other public and private institutional uses. Additional uses may be allowed by special permit including medical, assisted living and certain quasi-commercial uses tied to institutions.
The site was a former educational campus with ten structures (±102,900 SF). Three of the buildings, (±35,383 SF) former dormitories and four buildings with 18 multifamily units (±19,184 SF) need to be demolished. While the pricing guidance is based on the land value less demolition costs, there are three possibly usable buildings (±48,333 SF). An office classroom building, a library building and a gymnasium.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Tile Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Floor to Ceiling Windows
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Security System
- On-Site Retail
- Elevator
- Private Bathroom
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | 435 |
| 1+1 | 15 | - | 693 |
| 2+2 | 3 | - | 1,358 |
| 3+2 | 2 | - | 1,288 |
| 3+3 | 3 | - | 1,261 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Moderately bikeable
60/100
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Power House | Luxury Apartments & Retail | 378 Technology Center Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.