Maybank Highway Parcel Rezoned as Mixed-Use

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30721224
Property Subtypes: Agricultural, Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Status: Pending
Gross Land Area: 5.01 Acres
Sale Price: $1,700,000
Unit Price: $339,321 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/8/2021

Overview / Comments

Attention Investors/Developers, this parcel is part of the Johns Island Maybank Hwy Corridor Overlay Zoning District. It is zoned as Mixed-Use (MU) & has 196 ft of Maybank Hwy frontage. This includes both high & medium intensity commercial & residential uses such as shopping centers, restaurants, pharmacies, multi-family (duplex, triplex, fourplex) single-family attached/detached homes, small retail & professional offices. Mixed-use buildings w/ retail and/or services on the ground floor & residential units above would be ideal to shorten trips & facilitate alternative modes of transportation such as walking, biking, & public transportation. Utility companies are able and willing to provide services to this parcel. Some tax incentives are available for specific future developments. This parcel is across from Live Oak Square where future residents and employees could access new restaurants, shops & more. There are also City plans to develop a 26-acre public park on an adjacent parcel as part of the greenbelt program.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 23 - Johns Island
Taxing Authority: Charleston County
Tax ID/APN: 3130000572
Zoning: MU2-WH
Property Located Between: Subdivided from a larger parcel located at 3091 Maybank Highway
Legal Description: LOT Y-2
Largest Nearby Street: Maybank Highway at Zelasko Drive
Feet of Frontage: 196
Traffic/Vehicle Count: 17,000
Highway Access: SC-700W/Maybank Highway; SC State Rd S-10-91/River Road; SC State Rd S-10-20/Main Road/Bohicket Rd; SC State Rd S-10-54/Chisolm Rd; SC State Rd S-10-1442/Brownsville Rd;
Airports: Johns Island Airport, 4.9 miles; Charleston International Airport, 19.7 miles
Site Description: There is a recent survey in the documents.
Area Description: The Charleston-North Charleston metropolitan statistical area (MSA) also known as the Trident Region consists of Charleston, Berkeley, and Dorchester Counties and the Cities of Charleston and North Charleston. It is located in the central coastal region of South Carolina. The region contains a total of 3,163 square miles with about 90 miles of Atlantic Coastline and stretches roughly 50 miles inland. The region is currently growing and projected to grow continually in the coming years. Charleston MSA has taken advantage of its prime location, building a world-class port that has attracted international businesses from a variety of sectors. Competitive tax incentives and credits combined with the covetable quality of life in the low country make Charleston a desirable place to live, work, and play.
Lot Frontage: 196 feet
Lot Depth: 1149
Zoning Description: This parcel is part of the Johns Island Maybank Corridor Overlay Zoning District and was rezoned as Mixed Use which went into effect on February 9, 2021. This includes both high & medium intensity commercial & residential uses such as shopping centers, restaurants, pharmacies, multi-family (duplex, triplex, fourplex) single-family attached/detached homes, small retail & professional offices. Mixed-use buildings w/ retail and/or services on the ground floor & residential units above would be ideal to shorten trips & facilitate alternative modes of transportation such as walking, biking, & public transportation.
Easements: Ingress/Egress
Easements Description: Driveway easement of 25ft shared with the adjacent lot (TMS# 313-00-00-065) or 12.5ft on each property.
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,200 15,079 58,549
Median Age: 34.11 39.39 37.45
Households: 2,837 6,144 26,005
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