± .28 Acres Located in Opportunity Zone

Vacant Land for Sale
Also listed as Special Purpose
Catylist Listing ID: 30806524
Property Subtypes: Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 0.28 Acres
Sale Price: $390,000
Unit Price: $1,392,857 Per Acre
In Opportunity Zone? Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/23/2022

Overview / Comments

This property is ideally located in the neck of Charleston’s Upper Peninsula with easy access to Interstate 26 and the Port of Charleston’s main access road, as well as downtown Charleston. Current zoning allows for development with a wide range of uses, with particular consideration for general commercial development that supports city-wide as well as regional commerce located along major arterial corridors.

With the $2 billion Magnolia development expected to break ground in early 2024, and over 1,100 apartment units planned or under construction on Meeting Street Road north of Morrison Drive, this property is uniquely suited to benefit from the explosive growth in the immediate surrounding area.

This listing is being co-listed with J Hassell and Associates.

This property is being sold "AS IS" and owner makes no representations or warranties as to its condition or development. Buyer needs to conduct its own due diligence.

Excellent Redevelopment Opportunity!

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 4661600082
Property Located Between: Near King Street Extension near Kingsworth Avenue
Property Visibility: Excellent
Largest Nearby Street: Meeting Street Road
Traffic/Vehicle Count: 13,100
Highway Access: I-26
Airports: Charleston International Airport
Zoning Description: B-2 (General Business District) Located in an Opportunity Zone.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,473 52,891 140,414
Median Age: 39.16 35.45 35.11
Households: 1,788 21,166 58,087


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