Development Site - Boutique Hotel, Short-Term Rentals, Mixed-Use

Vacant Land for Sale
Also listed as Multi-Family, Hospitality
Catylist Listing ID: 30746408
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 0.22 Acres
Sale Price: $1,700,000
Unit Price: $7,727,272 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

Prime Development Opportunity Zoned Island Commercial.

Vacant 0.224 acre corner lot one-block from the ocean & across the street from both the Folly Beach Pier & The Tides Hotel, the main oceanfront hotel of the island with a 300-rooms & 9-stories.

This lot is the very epicenter of the island & located on the prime commercial avenue of Folly Beach with 75 feet of frontage on Center Street and 130 feet on W Artic Avenue.

Excellent exposure along the main pedestrian corridor between the beach & commercial district. Neighboring properties on Center Street include restaurants, retail stores, offices, gas stations, etc.

Permitted Uses include Hotels, Bed & Breakfast Inns, Short-Term Rentals, or Mixed-Use with Restaurant / Retail below and residential / office above.

Flood Zone VE

The address of 5 Center Street has not yet been formally assigned to the parcel by the governing authorities. This lot will be subdivided and assigned its own TMS Number and postal mailing address ... it is a 0.224 acre lot measuring 75'x130'x75'x130' at the Southwest corner of Center Street & W Artic Avenue.

Please see the Agent Notes for the structure of the current ownership & a link to a table of permitted uses.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 22 - Folly Beach Area to Battery Island
Tax ID/APN: 328-14-00-389
Zoning: OTHER

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,210 16,534
Median Age: 40.23 39.74
Households: 4,390 7,362
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