0 OT Wallace Drive

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30630092
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Other
Status: Pending/Contingent
Gross Land Area: 12.03 Acres
Sale Price: $595,000
Unit Price: $49,459 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/22/2020

Overview / Comments

***SELLER FINANCING AVAILABLE*** Development tract located in growing area of Summerville just off Hwy 78 with easy access via the new I-26 Nexton exit 197. The site is mostly wooded with some field up front, a stand of pines toward the rear and has level topography throughout. There is water and sewer at the site and the property is zoned R-4. This is an ideal tract for infill development of townhouse or single family dwellings or possible estate size lots. A jurisdictional determination letter is attached and shows almost all the land being usable. A townhouse development should yield 80-100 units, however, buyer to determine according to their intended use. ***SELLERS WILL CONSIDER SUBDIVIDING AND IS OPEN TO A PROPERTY TRADE.*** A considerable amount of due diligence has been performed and may be purchased via third party. Ask agent for details.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Taxing Authority: Dorchester
Tax ID/APN: 129-00-00-057.000
Zoning: OTHER
Property Visibility: Good
Legal Description: Tax ID 129-00-00-057
Largest Nearby Street: Highway 78
Highway Access: Yes. Easy access via the new I-26 exit 197.
Zoning Description: Property is currently zoned R-4.
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,629 36,806 87,324
Median Age: 32.25 36.22 35.27
Households: 889 13,714 32,274
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