Development Opportunity on Foster Creek Rd. Hanahan

Vacant Land for Sale
Catylist Listing ID: 30206683
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 6.20 Acres
Sale Price: $1,200,000
Unit Price: $193,548 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2020

Overview / Comments

UPDATED: Increase in Available Acreage! This is a proposed subdivision of 6.20 acres from an existing 7.00 acre tract with approx. 315ft of frontage on Foster Creek Rd in Hanahan. Current zoning is classified as PUD. Per the city of Hanahan this allows for a wide variety of possible uses including small commercial retail center or single/multi-family residential. Wetland delineation and USACE JD letter available in listing documents. Property measurements are approximated based on initial plans to subdivide. This proposed layout assumes the Buyer will continue to allow access to the cell tower in the rear of the property, as part of the future development. Proposed 45+ unit townhome subdivision layout available in docs and photos sections.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 72 - G.Creek/M.Corner Hwy.52-Cooper Riv
Tax ID/APN: 259-00-01-006
Zoning: OTHER
Property Visibility: Excellent
Legal Description: Proposed subdivision of Tract 5 Parcel C- 2
Largest Nearby Street: Tanner Ford Blvd. / North Rhett Ave.
Airports: Charleston International Airport
Site Description: Partially cleared level lot with excellent visibility and street frontage on Foster Creek Rd.
Area Description:
Lot Frontage: 305'
Lot Depth: 683'
Zoning Description: PUD
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,346 51,729 118,739
Median Age: 31.78 31.53 32.29
Households: 3,495 19,717 44,226


Photograph of Listing Agent

Lawrence E Richard

Carolina One Real Estate SCCMLS Member
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