Development Opportunity on Bees Ferry - 13 acres

Vacant Land for Sale
Catylist Listing ID: 30511692
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 13.30 Acres
Sale Price: $2,817,500
Unit Price: $211,842 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2020

Overview / Comments

Corner parcel prime for development with great visibility and exposure along heavily traveled Bees Ferry Rd. It is situated on the corner of Bluewater Way & Bees Ferry Rd. It consists of approximately 13.30 acres of undeveloped land at the entrance to the Bolton's Landing neighborhood. Based on the USACE Preliminary Jurisdictional Determination, there are 8.78 acres of contiguous, developable high land and 4.52 acres of wetland. See the attached USACE letter.

This site has potential to be a great Retail-Mixed Use or Multi-Family, Residential Development. The property is currently zoned Industrial in Charleston County and many similar properties in the area have been rezoned to Retail-Mixed Use or Residential Development.

Municipal Sewer & Water are located along Bees Ferry rd.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 12 - W.Ashley outside I-526 to Rantowles
Taxing Authority: Charleston County
Tax ID/APN: 286-00-00-041
Zoning: I - Industrial District
Property Visibility: Excellent
Largest Nearby Street: Bees Ferry Road
Feet of Frontage: 850
Traffic/Vehicle Count: 20,200
Site Description: The 13.30 acre site is currently an undeveloped and wooded with a 4.52 acre wetland. The remaining 8.78 acre upland is contiguous and includes the hard corner of Bees Ferry Road and Bluewater Way at the entrance to the Boltons Landing neighborhood. The site is located on Bees Ferry Road midway between Glenn McConnell Parkway and US Hwy 17 (Savannah Highway).
Area Description: This area of West Ashley is undergoing rapid growth with apartments, single family residential homes, and retail. Existing residential developments in the area include Boltons Landing, Grand Oaks, Bees Ferry Apartments, Avenues at Verdier Pointe, The Pointe at Rhodes Crossing, Carolina Bay, and Hunt Club. In addition, Long Savannah Development is planned for the area and consists of approximately 4,000 additional homes. The site is located in close proximity to the West Ashley Town Center which includes Wal-Mart and the Publix Shopping Center at the corner of Main Road and US Hwy 17 (Savannah Highway). Roper-St. Francis Hospital is located approximately 3 miles from the property.
Lot Frontage: 850
Lot Depth: 660
Zoning Description: Industrial - Charleston County
Topography: Level
Easements: Electric Lines
Easements Description: Powerline right of way on the rear portion of the property (along the southeast property line).
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,688 67,692
Median Age: 37.02 36.22
Households: 9,436 28,458
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