1.12 ACRES ZONED LIGHT INDUSTRIAL NECK AREA OF THE CITY OF CHARLESTON
Multi-Family
for Sale
| Catylist Listing ID: |
30708963 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
4 Units |
| Building Size (RSF): |
6,795 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.12 Acres
|
| Sale Price: |
$1,599,000 |
| Unit Price: |
$399,750 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/18/2021 |
Overview / Comments
|
TWO LOTS WITH ALMOST ONE AND ONE HALF ACRES OF PROPERTY ZONED LIGHT INDUSTRIAL IN THE NECK AREA OF THE CITY OF CHARLESTON. THIS PROPERTY FRONTS BOTH CUNNINGTON AVENUE AND PERSHING STREET. THIS PROPERTY HAS TWO TAX MAP NUMBERS AND MUST BE SOLD TOGETHER (3 CUNNINGTON AVENUE TMS #464-14-00-139/.10 ACRES AND 5 CUNNINGTON AVENUE TMS #464-140-119 / 1.02 ACRES FOR A TOTAL OF 1.12 ACRES). THERE ARE FOUR SINGLE FAMILY HOMES ON THE PROPERTY. TWO OF THE HOMES WERE FORMERLY DUPLEXES. THE MOST RECENT USE OF THIS PROPERTY WAS A 32 BED RESIDENTIAL CARE FACILITY HOUSED IN THE 18 BEDROOMS OF THE FOUR HOUSES. THE LIGHT INDUSTRIAL ZONING WILL ALLOW FOR MULTIFAMILY DWELLINGS AND ALSO CEMETERY EXPANSION. THIS IS AN IDEAL SITE FOR DEVELOPMENT.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
52 - Peninsula Chas. outside of crosstown |
| Tax ID/APN: |
464-14-00-139 |
| Zoning: |
LI - Light Industrial District |
| Total Number of Buildings: |
4 |
| Number of Stories: |
1 |
| Year Built: |
1950 |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,874 |
62,941 |
136,680 |
| Median Age: |
33.77 |
34.11 |
35.76 |
| Households: |
2,873 |
25,600 |
57,236 |
|
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