110 Slip Marina & 50+ Residential Lot Development

Vacant Land for Sale
Catylist Listing ID: 30807688
Property Subtypes: Residential (Single Family), Other
Gross Land Area: 16.40 Acres
Sale Price: $16,500,000
Unit Price: $1,006,097 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 11/7/2022

Overview / Comments

Welcome to Thomas Island Village and Marina Development a once in a lifetime opportunity to be a part of the first Conservation Subdivision within the City of Charleston, South Carolina.
This proposed luxury boating community development with up to 52 residential lots is currently going through the entitlement process with a separate, fully permitted, 110 boat slip marina located off the Cooper River, minutes from the ocean, Intracoastal Waterway and Shem Creek.
Plans include a resort-style amenity center located within the single family development to be shared by property owners, club members and marina guests.
Current estimated entitlement process for an approved subdivision plat and land disturbance permit for single family is 12-18 months. Marina permit in hand and ready for construction. Marina permit secured by Applied Technology & Management – an international firm specializing in marinas with a local office in Charleston. Local engineering firm, SeamonWhiteside has been tasked to take the project through the entitlement and permitting process with the City of Charleston and its Technical Review Committee. Cost analysis & site work proposals available for review upon request.
Seller will review offers for a full or partial buy-out. Seller-manager has been actively pursuing entitlements with his engineering teams and subject matter experts and could stay on and continue to assist the new owner in the development process.
Contact listing agent for the most recent engineering time and cost proposals for both, the marina and the single family portion.
Buyer to complete his/her/its own due diligence. Buyer to confirm and verify all zoning, density, permitting and property restrictions. No warranties or representations made or implied.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 78 - Wando/Cainhoy Area
Taxing Authority: Berkley County
Tax ID/APN: 2750000005
Zoning: OTHER
Part of Planned Development?: Yes
Development Name: Thomas Island Village and Marina

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,635 99,855
Median Age: 35.57 36.76
Households: 8,531 40,470


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