Multi-Family, Mixed Use Potential Development

Vacant Land for Sale
Catylist Listing ID: 30266504
Property Subtypes: Hospitality, Multi-Family, Office, Other
Gross Land Area: 15 Acres
Sale Price: $3,000,000
Unit Price: $200,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2018

Overview / Comments

Incredible property, approximately 15 acres, just off I-26 at Ashley Phosphate Road, approximately 900 feet of road frontage, with great visibility from I-26. Approximately half is already zoned R-2 MultiFamily and the rest B-2 General Business. A small portion which is wetlands has been delineated and shown on attachments. Several old abandoned roadbeds and trails on the property.
Location is near the new I-26 Exit planned for the Palmetto Commerce Interchange (see link to SCDOT site), which will be located between Ashley Phosphate Road and US 78 University Blvd.!

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: Charleston County
Tax ID/APN: 484-00-00-013
Zoning: OTHER
Property Located Between: Ashley Phosphate and 78
Property Visibility: Excellent
Largest Nearby Street: I-26
Feet of Frontage: 900
Highway Access: Northside Drive south to Ashley Phosphate to I-26. Northside Drive north to Ingleside to 78 to I-26.
Airports: Charleston International, Charleston Executive, Mount Pleasant Regional, Summerville Regional
Site Description: Mostly wooded with some trails, old road beds and utility easements. Area directly adjacent to, and north of, church campus.
Area Description: In the heart of the New Charleston economy; near Boeing, Charleston International Airport, Palmetto Commerce, Bosch, Mercedes Vans and Volvo. Close to hospitality, restaurants, offices and shopping.
Lot Frontage: 900 approximately
Lot Depth: 725 approximately
Zoning Description: Approximately one half of property currently zoned R-2 Multi-Family Approximately one half of property currently zoned B-2 General Business
Topography: Gently Sloping
Easements: Utilities, Other
Easements Description: Electrical, Drainage
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,731 69,353 148,820
Median Age: 31.47 31.61 32.9
Households: 4,636 26,443 56,485
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