Catylist ID:
#30790393
Development Land - Hilton Head Island
Vacant Land
for Sale
| Catylist Listing ID: | 30790393 |
| Property Subtypes: | Multi-Family, Residential (Single Family), Other |
| Gross Land Area: | 11.31 Acres |
| Sale Price: | $3,800,000 |
| Unit Price: | $335,985 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/22/2022 |
Overview / Comments
|
Rare Hilton Head Island vacant land parcel. +/- 11.31 acres of vacant wooded land on Marshland Road of Hilton Head Island. Property is directly adjacent to the Indigo Run community. Marshland is Mid-Island, just North of Broad Creek and runs between Cross Island Pkwy. over to Matthews Drive & William Hilton Pkwy. near the Hilton Head Is. Airport. RM-4 zoning currently allows up to 8-Units/acres on parcels over 5-acres and Town recently passed an ordinance allowing for a 25% bonus density for any Workforce Housing allotments. No LOI's will be considered, only PSA's. All PSA's will be reviewed after 60 days to the market for all acceptable offers. Please understand that we do expect above asking price bids/offers for this rare property, so we ask that you carefully review this property and present your "Highest and Best Offer". No contingencies or time will be allotted and considered for any change of the existing RM-4 zoning. Valuation Calculator |
Attachments & Media
Additional Details
| Nearest MSA: | Hilton Head Island-Bluffton |
| County: | Beaufort |
| Taxing Authority: | Town of Hilton Head |
| Tax ID/APN: | R510 011 000 0021 0000 |
| Zoning: | RM-4 |
| Property Located Between: | Cross Island Pkwy. & William Hilton Pkwy. |
| Property Visibility: | Excellent |
| Feet of Frontage: | 871 |
| Lot Frontage: | 871 |
| Zoning Description: | RM-4 Low to Moderated Density Residential Zoning (8 Units/acre) 25% Density Bonus for Workforce Housing |
| Topography: | Level |
| Easements: | Other |
| Easements Description: | Sidewalk along frontage |
| Available Utilities: | Electric, Water, Sewer, Cable |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,365 | 25,950 | 40,442 |
| Median Age: | 48.75 | 49.15 | 50.27 |
| Households: | 1,899 | 11,276 | 18,041 |
Contact
Scott A BenedictCommercial Specialty GroupSCCMLS Member |
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