201 College Street

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 property is listed in the National Register of Historic Places and has completed the difficult steps in the preservation process which includes the Part 2 Federal Historic Tax Credit application. This Part 2 application has been approved with conditions! The building is eligible for Federal and State Historic Tax Credits and potential adoption and of South Carolina Bailey Bill. 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 plans and a 2022 environmental study 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.