7735 W Main Street

Description

Historic structure in Downtown Ridgeland, ''The High Point of the Lowcountry.'' This beautiful brick building, at the corner of W Main St. & N. Green St., has loads of potential and is ready for the right buyer that possesses an eye for value & passion for preservation. Known locally as ''the old bank building'' this property may be eligible for the SC Abandoned Buildings Revitalization Tax Credit. The corner location of this site provides a central location to Ridgeland's vibrant and growing downtown with street parking and all utilities at the site. This offering is comprised of two parcels with the outer one being a blank canvas for a new structure. It is NOT in a special hazard flood zone & has T4 zoning, allowing for a multitude of commercial applications. The SC Abandoned Buildings Revitalization Tax Credit would allow for the owner to take an income tax credit over 3 years on 25% of the rehabilitation costs, up to $700,000. It also provides for property tax credits of 75% on the site per year for up to 8 years. Consult a with tax professional for more details & eligibility requirements. The existing building is in need of structural bracing and a roof system. The Town owns the property and will only consider buyers that have the intent and means to preserve the property. Ridgeland, SC has several large projects in the works and this is a tremendous opportunity to get in on the ground floor of the Town's revitalization.