Catylist ID:
#30511817
Development Opportunity on Bees Ferry - 17.13 upland acres
Vacant Land
for Sale
| Catylist Listing ID: | 30511817 |
| Property Subtypes: | Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 55.28 Acres |
| Sale Price: | $4,603,700 |
| Unit Price: | $83,279 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/20/2021 |
Overview / Comments
|
Corner parcel to be sub-divided from the parent tract. The sub-division leaves an attractive upland rectangle corner for development with great visibility and exposure along heavily traveled Bees Ferry Rd. Approximately 17.13 upland acres adjacent to the entrance of Bolton's Landing. Potential to be a great Retail-Mixed Use or Residential Development. The property is currently zoned Industrial in Charleston Co. Similar properties in the area have been rezoned for Retail-Mixed Use or Residential Development. Municipal Sewer & Water Wetland Delineation & USACE verification in hand - No Wetlands! |
Attachments & Media
Additional Details
| Nearest MSA: | Charleston-North Charleston |
| County: | Charleston |
| Submarket/Township: | 12 - W.Ashley outside I-526 to Rantowles |
| Tax ID/APN: | 286-00-00-601 and 286-00-00-040 |
| Zoning: | I - Industrial District |
| Property Visibility: | Excellent |
| Feet of Frontage: | 1,130 |
| Traffic/Vehicle Count: | 20,200 |
| Site Description: | The 55 +/- acre site is currently an undeveloped and wooded. The front portion of approximately 17.13 acres (to be sub-divided from the 55 +/- parent tract) is the offering. The entire portion of this 17.13 acre tract is upland acreage and includes the hard corner of Bees Ferry Road and Bluewater Way at the entrance to the Boltons Landing neighborhood. The site is located on Bees Ferry Road midway between Glenn McConnell Parkway and US Hwy 17 (Savannah Highway). |
| Area Description: | This area of West Ashley is undergoing rapid growth with apartments, single family residential homes, and retail. Existing residential developments in the area include Boltons Landing, Grand Oaks, Bees Ferry Apartments, Avenues at Verdier Pointe, The Pointe at Rhodes Crossing, Carolina Bay, and Hunt Club. In addition, Long Savannah Development is planned for the area and consists of approximately 4,000 additional homes. The site is located in close proximity to the West Ashley Town Center which includes Wal-Mart and the Publix Shopping Center at the corner of Main Road and US Hwy 17 (Savannah Highway). Roper-St. Francis Hospital is located approximately 3 miles from the property. |
| Lot Frontage: | 1130 |
| Lot Depth: | 660 |
| Easements: | Electric Lines |
| Easements Description: | Powerline right of way on the rear portion of the property (along the southeast property line). |
| Available Utilities: | Water, Sewer |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 24,419 | 70,987 |
| Median Age: | 37.16 | 36.03 |
| Households: | 10,163 | 30,008 |
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