Historic Marion, SC Estate
Overview
Lease and Income Structure
Built in 1895 and listed on the Historical Registry, this Victorian estate has already lived two lives: a private family residence, then a funeral home serving the community of Marion. Ten fireplaces, hardwood floors throughout, and a covered wraparound porch carry the scale and character that come with a house this size. What's rare is the zoning behind it — the parcel carries both residential and commercial designations, the kind of flexibility a recovery home needs that most single-family listings don't have.
The scale is the case for it as recovery housing. At 6,800 square feet across two stories, the house has the room count and the square footage per bed to support a large program, and the existing layout already includes a den, a library, and several first-floor rooms that convert naturally into shared bedrooms or common space. The 2.37-acre lot leaves room for parking and outdoor space without crowding neighbors, and the house is on municipal water and sewer, so there's no septic or well to plan around.
The capital structure is what makes the number workable. Vanderburgh can place a first position mortgage at closing and finance a second position seller note behind it, so a qualified buyer's cash to close stays low against the purchase price. A renovation draw facility can cover the mechanical and cosmetic work against completed jobs rather than out of pocket. The first position carries its own requirements, including verified liquidity and a 680 minimum credit score for the best terms, and terms are negotiable.
The offering includes the real estate and the sober living business concept together, so a buyer isn't starting from a blank parcel. Marion sits in the Pee Dee region of South Carolina, an area operators today often serve from Florence or Myrtle Beach, and a house this size inside town gives a program its own address instead of a drive-in commute. The building needs mechanical and cosmetic work to get there — see Scope of Work below. The harder items, the roof and one of two water heaters, are already done.
Work Needed
The roof was replaced in 2024 and one of the home's two water heaters is new, so the two biggest-ticket items are already handled. What's left is a full HVAC replacement and cosmetic rehabilitation throughout to bring the finishes up to move-in condition. Budget and plan for both before opening.