Flexible Development Opportunity in Kingstree

Vacant Land for Sale
Also listed as Industrial, Retail-Commercial
Catylist Listing ID: 30799210
Property Subtypes: Industrial, Office, Retail, Retail-Pad
Gross Land Area: 0.50 - 11.50 Acres
Sale Price: $818,000
Office SF: 10,028 SF
In Opportunity Zone? Yes
Land Splits Available: Yes
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/15/2022

Overview / Comments

Potential redevelopment site totaling 11.5 acres. Subject property is located in an opportunity zone on a corner central to the Town of Kingstree’s Highway Commercial (“HC”) district. The site has split zoning between Highway Commercial, Light Industrial and R-10 Residential. There is a ±12,600 SF warehouse/office building on site which is in good operational condition and leased on a month-to-month basis. The ±10,028 SF office building has been vacant for years and likely needs considerable work to get to operational condition. The property is located on a main commercial corridor, with the HC-zoned portion having very good visibility from N. Longstreet St. The Limited Industrial (“LI”) zoning is very rare for the Town of Kingstree, and the warehouse/office has above average accessibility. The diverse zoning allows for a wide range of potential uses on the site.

Seller would consider selling a portion of the property or the entire assemblage:
11-035-017 – ±8 AC – split zoning: HC & LI
11-035-045 – ±0.5 AC – zoned R-10
11-035-018 – ±0.5 AC – zoned R-10
11-035-044 – ±0.5 AC – zoned R-10
11-035-043 – ±0.5 AC – zoned R-10
11-035-054 – ±0.5 AC – zoned R-10
11-035-055 – ±0.5 AC – zoned R-10
11-035-056 – ±0.5 AC – zoned R-10

Additional Details

Nearest MSA: Georgetown
County: Williamsburg
Tax ID/APN: 11-035-017
Zoning: HC, LI, R-10
Property Visibility: Excellent
Feet of Frontage: 520
Site Description: 11-035-017 – ±8 AC – split zoning: HC & LI 11-035-045 – ±0.5 AC – zoned R-10 11-035-018 – ±0.5 AC – zoned R-10 11-035-044 – ±0.5 AC – zoned R-10 11-035-043 – ±0.5 AC – zoned R-10 11-035-054 – ±0.5 AC – zoned R-10 11-035-055 – ±0.5 AC – zoned R-10 11-035-056 – ±0.5 AC – zoned R-10
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,729 9,347 11,736
Median Age: 35.58 37.89 38.12
Households: 1,012 3,614 4,540
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