2470 Old Mill Road, Inman, SC, 29349 | $525,000

Endless potential in the growing town of Inman! This unique commercial or residential opportunity sits at a prime intersection where Turpin, Old Mill, Compton Bridge, and Edwards Roads converge, just down the road from Chapman High School. Over 10, 000 square feet. Previously operated as an assisted living facility for decades, this property is ideal for a bed and breakfast, group home, rehabilitation center, private residence, or family compound. Spanning 1. 25 acres, the property offers stunning distant mountain views and a peaceful setting while remaining highly visible for a business venture. With 13 bedrooms, 8. 5 bathrooms, multiple offices, and a large common area, there is ample space to accommodate various uses. At its peak, the facility housed 38 residents. Key features include a commercial kitchen with a gas range, a spacious cafeteria, a large living room, onsite laundry facilities, multiple private offices, and ample storage closets. A $60, 000 fire and smoke alarm system was installed in 2020, and the roof was replaced in 2016, with an updated HVAC system in 2019, per the seller. The property was previously set up to include a pharmacy with a separate entrance and an ice cream/snack shop with a drive-thru window. Gorgeous mature trees enhance the property’s charm, and its flexible layout offers endless possibilities. Don't miss this incredible opportunity to bring your vision to life in one of Inman’s most desirable locations!

Features

  • Property Type: Mixed Use
  • Construction: Vinyl Siding, Frame
  • Parking: Public Parking
  • Heating: Electric, Forced Air, Zoned
  • Cooling: Office Air, Electric, Forced Air, Zoned
  • Approx Lot Sq. Feet: 54,450
  • Acreage: 1.25
  • Est. Taxes: $6,529
  • MLS#: 1549771
  • Days on Market: 38 days
  • Website: https://www.raveis.com
    /prop/1549771/2470oldmillroad_inman_sc?source=qrflyer
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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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2470 Old Mill Road, Inman, SC, 29349

$525,000

Tricia Jenks

Sales Associate

William Raveis Real Estate

Phone: 239.595.0024

Tricia.Jenks@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $420,000 $420,000 $420,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 7.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.058% 7.176% 6.298%
Monthly Tax Payment $544 $544 $544
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,655 $2,794 $3,544
Total Monthly Payment $3,291 $3,430 $4,180

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.