1.12 ACRES ZONED LIGHT INDUSTRIAL NECK AREA OF THE CITY OF CHARLESTON

Multi-Family for Sale
Catylist Listing ID: 30045216
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 6,795 SF
Gross Building Area: See Agent
Gross Land Area: 1.12 Acres
Sale Price: $1,699,000
Unit Price: $424,750 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/7/2018

Overview / Comments

TWO LOTS WITH ALMOST ONE AND ONE HALF ACRES OF PROPERTY ZONED LIGHT INDUSTRIAL IN THE NECK AREA OF THE CITY OF CHARLESTON. THIS PROPERTY FRONTS BOTH CUNNINGTON AVENUE AND PERSHING STREET. THIS PROPERTY HAS TWO TAX MAP NUMBERS AND MUST BE SOLD TOGETHER (3 CUNNINGTON AVENUE TMS #464-14-00-139/.10 ACRES AND 5 CUNNINGTON AVENUE TMS #464-140-119 / 1.02 ACRES FOR A TOTAL OF 1.12 ACRES). THERE ARE FOUR SINGLE FAMILY HOMES ON THE PROPERTY. TWO OF THE HOMES WERE FORMERLY DUPLEXES. THE MOST RECENT USE OF THIS PROPERTY WAS A 32 BED RESIDENTIAL CARE FACILITY HOUSED IN THE 18 BEDROOMS OF THE FOUR HOUSES. THE LIGHT INDUSTRIAL ZONING WILL ALLOW FOR MULTIFAMILY DWELLINGS AND ALSO CEMETERY EXPANSION. THIS IS AN IDEAL SITE FOR DEVELOPMENT.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 464-14-00-139
Zoning: LI - Light Industrial District
Total Number of Buildings: 4
Number of Stories: 1
Year Built: 1950
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,874 62,941 136,680
Median Age: 33.77 34.11 35.76
Households: 2,873 25,600 57,236

Contact

Photograph of Listing Agent

Terry T Seabrook

The Space Co SCCMLS Member
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