215 S Mullins St - Warehouse FOR SALE


Mullins, SC 29574
$4,250,000 USD
972-755-5223
215 S Mullins St, Mullins, SC for Sale
$4,250,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

215 S Mullins St
Mullins, SC 29574


HIGHLIGHTS

  • Vacant 144,626-Square-Foot Industrial Processing Facility Situated on 39.63 Acres
  • Featuring 16’ Clear Height, 11,551-Square-Feet of Cold Storage, 10 Dock Doors, and Heavy Power with 1,200a/480v
  • Former Home to a Commercial Shelf Stable Food Processing Facility | Priced Well Below-Replacement-Cost
  • Proximity to Highway 76, within an Hour Drive of Myrtle Beach, Florence Regional Airport, and Inland Port Dillon
  • 5.0% Vacancy Rate in Industrial Market with Fixed Inventory

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 215 South Mullins Street in Mullins, South Carolina. The subject property consists of approximately 144,626 square feet of food processing space and is situated on 39.63 acres of land. The eight-building asset features 11,551 square feet of freezer and cooler space, steel and masonry construction, a clear height of 16’, 10 dock-high doors, four HVAC units, three-phase heavy power with 1,200 amps and 480 volts, and 129 parking spaces. Located just off U.S. Route 76, the property is 46 miles from Myrtle Beach, 29 miles east of Florence Regional Airport, and 17 miles from Inland Port Dillon. Formerly occupied by SOPAKCO, a world leader in meal ready-to-eat (MRE) products, the vacant property is ideal for a variety of food processing and cold storage uses. At $29.39 per square foot, the property is priced well below replacement costs. The subject property is located just outside of the Myrtle Beach market area. The city of Mullins maintains an inventory of 2.6 million square feet of industrial space. Due to the city’s size, Mullins did not record any industrial activity (absorption or deliveries) during the first quarter of 2025. However, the city boasts an industrial vacancy rate of 5.0 percent, more than 200 basis points lower than the national average. With no industrial properties under construction, demand will continue to drive vacancies and rents in Mullins for the foreseeable future (CoStar). Spanning across North Carolina and South Carolina along the eastern shoreline is Myrtle Beach. Historically, metro Myrtle Beach was built upon the rise of the tobacco industry in America, with the neighboring city of Mullins representing the largest producer and distributor of tobacco in the nation during the turn of the 20th century. Today, Myrtle Beach is a rapidly growing metropolitan area with a population of 519,000 residents. The local economy is anchored by tourism, supporting jobs in hospitality, entertainment, and food services, while technology and manufacturing are emerging sectors. The area boasts several higher education institutions and is a hub for golf tourism. Strong population and household growth, outpacing national averages, reflect Myrtle Beach’s appeal for both new residents and entrepreneurs (Wikipedia, Marcus & Millichap).

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

10

DRIVE INS

-

PARKING SPACES

129

LAND DETAILS

LAND ACRES

39.63

LAND SF

1,726,283

ZONING

Industrial

APN/PARCEL ID

408-06-01-000-000

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.