Redevelopment Opportunity

Vacant Land for Sale
Catylist Listing ID: 30704018
Property Subtypes: Residential (Single Family)
Gross Land Area: 0.56 Acres
Sale Price: $529,000
Unit Price: $944,642 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/21/2021

Overview / Comments

Re-development opportunity in the heart of Mount Pleasant! Extremely convenient location bookended by Hobcaw Point, I'On, Braemore and Molasses Creek. This classic 1970's ranch has been modified from the original floor plan to allow for a larger open living room and eat-in kitchen as well as a 4th bedroom. Huge fenced back yard. This hidden gem has a strong rental history and is surrounded by very high end homes – ample opportunity to update the current home for rental income or flip. This huge lot with over 220' of frontage on Muirhead Rd may be eligible for subdivision to create 2 lots – check with the Town of Mount Pleasant for the possibility of subdividing. This is a rare opportunity that will not last!

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 42 - Mt.Pleasant South of IOP Connector
Tax ID/APN: 5141200009
Zoning: R-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,494 48,409 105,663
Median Age: 41.76 38.77 37
Households: 5,014 21,109 44,341


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