+/ Acres Prime Industrial Site with Rail Access

Transcription

1 FOR SALE INDUSTRIAL LAND OPPORTUNITY +/ Acres Prime Industrial Site with Rail Access 90 Viaduct Road Spartanburg, SC Prepared by Bobby Lyons, CCIM President The Lyons Group, LLC

2 T A B L E OF C O N T E N T S The Property Overview... Page 1 Property Specifications, Photos, & Broker Contact Info. Page 2,3 Aerial Photo.. Page 4 Location Map Page 5 Survey Page 6 Market Overview. Page 7-9 1

3 PROPERTY SPECIFICATIONS THE OPPORTUNITY: PROPERTY ADDRESS SITE: LOT DIMENSIONS (Approx.): Prime Industrial Tract with Railroad Access (Norfolk Southern) Spartanburg, SC 90 Viaduct Road Spartanburg, Spartanburg, SC / Acres +/- 1, lineal feet of frontage on Viaduct Road Railroad Access (Norfolk Southern Railway) Great topography 1,300 x IRREGULAR LEGAL DESCRIPTION: Tax Map No IMPROVEMENTS: HIGHEST AND BEST USE: ZONING: +/- 7,541 sq. ft. concrete foundation with a +/- 6,250 sq. ft. parking area, as well as a concrete support area for a piece of machinery, two (2) pieces of machinery, and an electrical transformer box Industrial No zoning in Spartanburg County, SC. (Must abide by Spartanburg County Land Use Ordinance) PROPERTY TAXES: $3, (2005) ASKING PRICE: POSSESSION: $465,000 ($22,143 / acre) Immediate UTILITIES: POWER SUPPLIER: WATER SUPPLIER, SIZE OF LINE: NATURAL GAS SUPPLIER, SIZE OF LINE: SEWER SUPPLIER, SIZE OF LINE: Duke Power Spartanburg Water System Piedmont Natural Gas available Spartanburg Sanitary Sewer District 2

4 PROPERTY PHOTOS Exclusive Listing Agents: In Affiliation With: Contact: Bobby Lyons, CCIM, President 812 East Main Street; Spartanburg, SC office facsimile mobile Corporate Website 3

5 Satellite Aerial 4

6 Property Location 5

7 SURVEY 6

8 MARKET OVERVIEW THE MARKET Spartanburg offers the international sophistication of high technology and multinational business sweetened with civic pride, balancing the needs of both community and commerce. The county s business climate is highlighted by affordable buildings and developable sites, a welleducated workforce and a comprehensive array of business services. Spartanburg s downtown is booming as more than $170 million has been invested there since 2001, creating nearly 1200 new jobs. Shiny new buildings dot the ever-evolving landscape as the city serves as the national headquarters for companies including Denny s, QS/1, Extended Stay America and Advance America. Outside the city limits the future is equally bright. Always ahead of the curve, Spartanburg, in the 1950s, began aggressively recruiting European businesses. That vision has paid off many times over, and most recently with the BMW Manufacturing Corp. The German automaker located here a decade ago, employs 4,700 and produces the Z4 Roadster and the X5 sports activity vehicle. In fact, Spartanburg County tops the list of U.S. cities for European expansion, according to a survey by Expansion Management magazine, published in It looks like the world is beginning to realize what we re known all along there s no better place to do business than in Spartanburg. Informational Box Spartanburg Located at the crossroads of the New South at the intersection of I-85 and I-26, two of the most traveled interstate highways in the U.S. Within a 1.5 day s drive of half of the nation s population Equidistant from New York and Miami, well within reach of the nation s business and industry Within 800 miles of more than half the nation s current manufacturing establishments Travel time of 1 hour from Charlotte and 3 hours from Atlanta; both markets with international airports and more than 1 million in population Less than three hours from the Port of Charleston 7

9 MARKET OVERVIEW (CONT.) Taxes and Tax Incentives Corporate Income Tax At 5% South Carolina has the lowest corporate income tax rate in the Southeast, and one of the lowest in the nation. The starting point in determining South Carolina taxable income is the corporation's federal taxable income. The license fee rate is.001 % of the corporation's capitalization, plus $ The corporation's capital stock and paid in surplus are subject to this tax. The minimum license fee is $25.00 and paid in advance. Corporate Income Tax Credts Tax credits for new jobs Tax credits for corporate headquarters facilities Tax credits for providing child care benefits Tax credits for investments in infrastructure No unitary taxes on worldwide profits Sales and Use Tax Sales tax is imposed on the sale of goods and certain services in South Carolina. The statewide sales tax rate is 5%. All sales and use tax collections are applied to public education. Exemptions on Sales Tax Exemption on manufacturing equipment and electricity No wholesale sales taxes No value-added taxes 8

10 MARKET OVERVIEW (CONT.) NEARBY INDUSTRIES 1. Michelin North America 2. BMW Manufacturing Corp. 3. Milliken & Co. 4. Spartanburg Steel 5. Freightliner Custom Chassis 6. INA Bearing 7. PET Dairy 8. Nestle 9. Kosa 10. Timken 9