Historic District Residential Infill Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30343635
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 15,904 SF
Sale Price: $1,600,000
Unit Price: $100.60 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2019

Overview / Comments

Build five residential units on this multifamily infill development property in the center of Charleston’s historic district. The City of Charleston holds a conservation easement on the 15,904 square feet parcel, .36 acres, allowing for the development of five residential units. Zoned DR1F Diverse Residential.
The land is surrounded by stunning 18th and 19th century historic houses and churches. Located in the middle of the peninsula, this site is central to King Street’s shopping district, The College of Charleston, The University of South Carolina Medical Center, The City Marina, The Battery, and Charleston’s ever vibrant restaurant district.
An exceptional opportunity to purchase one of the last remaining vacant infill development parcels in the center of Charleston’s historic district.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 457-03-02-028
Zoning: DR-1F - Diverse Residential (19.4 units per acre)
Property Located Between: Pitt Street and Smith Street
Largest Nearby Street: Calhoun and King
Easements: Ingress/Egress, Preservation
Easements Description: See the attached conservation easement document

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,485 61,470 138,534
Median Age: 28.53 34.51 36.53
Households: 9,040 26,091 58,122
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.