Spring Street Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30589499
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 0.55 Acres
Sale Price: $4,520,000
Unit Price: $8,218,181 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2020

Overview / Comments

Oswald Cooke & Associates is pleased to offer 214-216 Spring Street for sale. The 0.544 acre parcel is located across the street from Charleston's medical district and a block from the new WestEdge development. The existing zoning is MU-2, which allows for a variety of uses including: Multi-Family, Medical, Clinical, General Office and more. There are many new developments surrounding the site and no setbacks (zero lot lines) to comply with. In addition, the Medical District is currently planning a greenway trail extending down Courtenay Drive that will connect to WestEdge, The Citadel, and further north.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 460-11-01-017, 460-11-01-016
Zoning: MU2-WH

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,228 61,872 141,323
Median Age: 28.59 35.05 36.11
Households: 8,587 26,242 59,649

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