For Auction

Clover Mills | Entitled Mill Site Redevelopment Opportunity

602 Old North Main Street,
Clover, SC 29710

Asset Snapshot

Real Estate
Asset Type
Land
Property Type
Mixed-Use
Land Subtype
6.23 Acres
Land Area

Investment Highlights

Entitled Mill Site with 57 Approved Units
6.23 acres zoned PDD for 48 townhomes, 3 single-family lots, 3 duplex lots and a ~1-acre outparcel.
Shovel-Ready West Parcel with Recorded Plat
9-lot final plat recorded Nov-22-2023 for 6 duplex units and 3 detached homes at Columbia St.
Est. $3M-$5M in SC Textile Mill Tax Credits
Credit equal to 25% of total hard and soft project costs, subject to the buyer's final rehab budget.
Demolition & Remediation Qualify for Credit
Distressed area designation extends the credit to site work, remediation and new construction.
Liability Protections Already in Place
Executed SCDHEC Voluntary Cleanup Contract with non-responsible party protections for the buyer.
Walkable to Downtown Clover's Main Street
Main Street dining, coffee shops and the Piggly Wiggly all sit within walking distance of the site.

Offering Summary

Brokered by Charter Realty and powered by RealINSIGHT Marketplace, 602 Old North Main St is a 6.23-acre entitled redevelopment site on the former Clover Mills Company textile mill in Clover, SC, offered via auction. Rezoned to Planned Development District under Ordinance 22-03 and revised in Nov-2023, the site carries approvals for 57 residential units across 48 townhome lots, 3 single-family lots and 3 duplex lots, plus a ~1-acre outparcel for commercial, retail or office use. Clover Mills West holds a final plat recorded Nov-22-2023 creating 9 shovel-ready lots, while Clover Mills East is covered by a Colliers Engineering preliminary plat and site plan with 144 parking spaces. The mill history drives the economics: counsel has concluded the site qualifies under the South Carolina Textile Communities Revitalization Act, and an Aug-2025 distressed area confirmation extends the credit to the full acreage. The credit equals 25% of qualified rehabilitation costs, transfers to a purchaser and is estimated at $3 million to $5 million, subject to a buyer's final budget. An executed SCDHEC Voluntary Cleanup Contract provides non-responsible party protections, and the site is Brownfields-eligible. The site sits in the Charlotte-Concord-Gastonia MSA a short walk from downtown Clover, a town that grew 31% between 2010 and 2020 as York County reached an estimated 306,887 residents.

Due Diligence

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 3981
Co: 3996

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Auction Opens In
45d 21h 29m 34s
$200,000
Starting Bid
Register To Bid
Bidding Opens
Bidding Closes

Investment Sales Brokers

Spencer O’Donnell
Charter Realty
Brian Brockman
Bang Realty
SC License: 108250

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.