Magnolia Mobile Home Park

Vacant Land for Sale
Catylist Listing ID: 30612404
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Retail, Self Storage, Other
Gross Land Area: 1.72 Acres
Sale Price: $975,000
Unit Price: $566,860 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2020

Overview / Comments

This property is presently used as a mobile home park with twenty mobile homes that will convey with the sale. It has great zoning that includes hotels, condominiums, apartments, and many other uses. The owner has made many improvements and the rents have been steadily rising. Property is located in the Summerville business district approx. 200 feet from Main Street. It fronts on East 8th N St. and N Magnolia St. It is approx. 1/2 block from the new Aldi's Grocery Store. Attached is a plat of the property. Please contact me or Burt Rhodes for financial information.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Taxing Authority: Town of Summerville & Dorchester County
Tax ID/APN: 130-16-06-007-000-C
Zoning: URBAN CORRIDOR MIXED USE
Property Located Between: Main Street & North Magnolia Street
Property Visibility: Good
Legal Description: 109 East 8th North Street Lot D & Part of Lot C, Block 116 Summerville, SC 29483
Area Description: Property is located in a commercial and residential neighbors.
Lot Frontage: 236 Feet Frontage on East 8th North Street
Lot Depth: 210 Feet Frontage on North Magnolia St.
Zoning Description: Urban Corridor Mixed-Use
Topography: Level
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,572 51,312 123,598
Median Age: 39.56 35.86 34.87
Households: 2,215 19,248 45,696

Contact

Photograph of Listing Agent

Robert Shahid

Shahid Realty Co. SCCMLS Member
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