Vacant Land Development in Upper Peninsula / Opportunity Zone

Vacant Land for Sale
Catylist Listing ID: 30394814
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 0.29 Acres
Sale Price: $1,095,000
Unit Price: $3,775,862 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2021

Overview / Comments

Prime Vacant land parcels in Opportunity Zone with approximately 0.29 acre of 2 combined land parcels in Charleston Upper Peninsula area with King Street frontage located near the gateway to Charleston’s new (UP) Upper Peninsula District. Lots are across the street from the 1304 Meeting St Development near the intersection of Meeting and King Street offering several floors higher than ever before. Property is currently split zoned between GB, LI and SRF. These 2 parcels are located next to the new Upper Peninsula District area, where more height and density are awarded based on building design, methods, mass, height and uses and will bring new development opportunities.. Property is ideal for Mixed Use, Office, Medical, Hospitality and Retail. The combination of the 2 lots on King Street Ext. boasts of a one-of-a-kind development opportunity along King Street, one of downtown Charleston’s most popular new main corridors.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 464-14-00-044
Zoning: OTHER
Property Located Between: King Street and Meeting Street
Property Visibility: Excellent
Largest Nearby Street: King Street
Zoning Description: Applications for new zoning
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,165 63,452 137,140
Median Age: 32.7 34.3 35.65
Households: 2,606 25,891 57,400
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