Prime Development Opportunity in Carolina Park

Vacant Land for Sale
Catylist Listing ID: 30758459
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 9.11 Acres
Sale Price: $3,792,000
Unit Price: $416,245 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2022

Overview / Comments

Best development opportunity in Carolina Park!

9.11 Total Acres and 6.32 upland acres ripe for development along busy Faison Rd with CostCo, CVS Pharmacy and Roper Hospital as close-by neighbors. The favorable Carolina Park Industrial zoning allows for over 180 uses and without and Town of Mount Pleasant Impact Fees!!
Carolina Park is Mt. Pleasant's premier master-planned community which includes 1,500 single-family home entitlements, 2 multi- family communities, and a comprehensive senior living facility with over 130 units and 75 cottages. This 1,700-acre neighborhood district features a full-service hospital, elementary school, two high schools, fire/police station, state-of-the-art library, veterinarian practice, and several churches.

This site has endless potential. Seller is willing to subdivide the site for the right buyer.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 41 - Mt.Pleasant North of IOP Connector
Tax ID/APN: 5980300862
Zoning: OTHER
Property Located Between: Faison Rd. between Hwy 17 and Park Ave Blvd.
Property Visibility: Excellent
Largest Nearby Street: Faison Rd.
Feet of Frontage: 1,000
Highway Access: Hwy 17 intersection is 0.14 miles from site
Airports: Mount Pleasant Regional Airport-Faison Field
Lot Frontage: 1000'
Lot Depth: 584
Zoning Description: Approximately 381.0 acres of Carolina Park (298.0 acres highland, 83.0 acres freshwater wetlands) will be zoned CPI for a variety of uses to include light manufacturing, research / development, biotech, corporate headquarters, offices, hotels and other similar uses. As much as 3,000,000 s.f. of space may be developed over the life of the project. Access to uses within the CPI zoned tracts occurs mainly from existing Faison Road, Park Avenue Boulevard, and in the case of Roper Hospital, Highway 17. Permitted and accessory uses are listed in Exhibit C (Land Use Table). Other development standards for the CPI District are set forth in Sections III and IV of this document.
Part of Planned Development?: Yes
Development Name: Carolina Park
Easements: Ingress/Egress
Easements Description: Proposed access easement to access rear parcel owned by a different group, shown in attachments.
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,429 22,997 45,463
Median Age: 33.99 39.13 39.34
Households: 1,940 8,478 17,662


Photograph of Listing Agent

M Ross Armstrong

MoRE Commercial SCCMLS Member
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