Alys Mill - 212 Rice Rd

Investment Overview

This rare mill redevelopment project represents an extraordinary opportunity for a multifamily developer seeking a high visibility project in a tight submarket. Qualifies for multiple tax credits and is also situated in an Opportunity Zone. To view OM and DD documents, register here.

Location description:

Located in Easley, SC, a small town in the Greenville/Spartanburg MSA. Once a depot for a railroad line, Easley now draws families with its quaint downtown, recreational trails, and proximity to Blue Ridge Mountain hiking trails and waterfalls.

Investment Highlights

• Project is “shovel ready” (building plans complete/waiting on construction permits)
• Limited supply of new multifamily in the current development pipeline 
• Bailey Bill tax abatement projected yield upwards of $4.65M in savings (over 15 yrs)
• Property approved for Historic & Textile Mill Rehabilitation tax credits (approx. 40% rebate on construction costs)
• Consistent submarket rental rate growth in recent years
• Property is on the new, 7.5-mile Doodle Trail (Pickens County Greenbelt Trail)