201 College Street, Walhalla, SC 29691

Description

Historic Redevelopment Opportunity in Downtown Walhalla, SC – Former School Property Known as Walhalla High School. This property is officially listed on the National Register of Historic Places and has received Part 2 approval from the U.S. Department of the Interior, positioning it for State and Federal Historic Tax Credit eligibility. The historic approval process took over two years to complete and is finalized. Offered for sale as-is at $1,525,000, the purchase includes the building and a comprehensive pre-development package with substantial soft cost investment and completed work, including: • As-is Architectural and design plans • Interior and exterior renderings • Two independent contractor bids • Completed environmental studies • Vendor relationships and procurement documentation • Brand and experiential concept materials Estimated historic tax credit equity potential of approximately $3,000,000 upon syndication (buyer to verify). Full development materials available upon request. Originally constructed in 1924, this three-level, approximately 24,000-square-foot brick building sits just one block off Main Street with onsite parking and prime visibility. The seller’s original vision was to transform the property into a 33-room boutique hotel featuring a restaurant and bar, blending historic character with modern hospitality. As-is Architectural and design plans will convey with the sale, providing a strong foundation for the next developer or investor to continue this vision. This property location is also USDA Business and Industry eligible. To preserve and protect the adjoining businesses and properties, the grantee shall use the property in a manner consistent with a hotel or event-based operation, including short-term lodging, conferences, weddings, balls, and vacation rental use. Located across the street from the Walhalla Performing Arts Center, which brings hundreds of thousands of visitors each year, this property sits in an ideal position to meet the city’s growing demand for lodging and event space. Several popular wedding venues are located nearby, offering natural synergy for overnight guests, bridal parties, and event attendees seeking accommodations in downtown Walhalla. Tourism continues to thrive in the area, with visitors drawn to Stumphouse Mountain, Issaqueena Falls, Lake Jocassee, and Lake Keowee which are all within a short drive. The property is just 25 minutes to Clemson University and one hour to Greenville, making it a central and accessible destination for both leisure and business travelers. Revitalizing this property as a boutique hotel or short-term lodging destination would create jobs, attract tourism, and enhance quality of life while maintaining the city’s historic charm. Unlike chain hotels, a boutique concept offers guests a one-of-a-kind experience that blends original architecture with modern comfort with a space that honors the past while fueling future growth for downtown Walhalla. Additionally, an approximately one-acre parcel located directly across the street is available for separate purchase, offering potential for retail, residential, mixed-use, or complementary development.

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Directions

From Seneca, take Highway 28 towards Walhalla. Turn right onto N. College Street.

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