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.​

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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

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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


Photograph of Listing Agent

Scott A Benedict

Commercial Specialty Group
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