Development Opportunity on Bees Ferry - 17.13 upland acres

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30511817
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Status: Pending/Contingent
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: 6/25/2021

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!

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

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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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