Catylist ID: #30769762
Vacant Land for Sale
|Catylist Listing ID:||30769762|
|Property Subtypes:||Multi-Family, Office, Retail, Retail-Pad|
|Gross Land Area:||2.50 Acres|
|Unit Price:||$10,000,000 Per Acre|
|In Opportunity Zone?||Yes|
|Up For Auction:||Yes|
|Call for Offers:||Yes|
Overview / Comments
Huger Street and Morrison Drive redevelopment opportunity. This project consists of approximately 2.5 acres of land located in the heart of the NoMo district. The property is zoned UP (Upper Peninsula) and located in an Opportunity Zone. UP zoning is the city of Charleston’s most favorable zoning classification, allowing for retail, apartment and office use.
The central site location allows easy access to King Street and Charleston’s historic district, as well as North Charleston, the airport, Mt. Pleasant, and James Island due to its proximity to Hwy 17 and I-26.
Property being sold in "As-Is" condition!
Call for Offers due November 19, 2021!
Attachments & Media
|Nearest MSA:||Charleston-North Charleston|
|Submarket/Township:||52 - Peninsula Chas. outside of crosstown|
|Property Located Between:||Morrison Drive, Huger Street & Stuart Street|
|Legal Description:||459-01-04-025 459-01-04-026 459-01-04-010 459-01-04-009 459-01-04-008 459-01-04-007 459-01-04-011|
|Largest Nearby Street:||Morrison Drive|
|Feet of Frontage:||265|
|Highway Access:||Easy access to Hwy 17 and Interstate I-26|
|Airports:||Charleston International Airport|
|Site Description:||The properties are owned by two separate entities. Waterfront Employers ILA Pension and Welfare Fund owns approximately 1.5 AC, including TMS #s: 459-01-04-025, 459-01-04-026 & 459-01-04-010, and International Longshoremen’s Association Local 1422-A owns ±0.92 AC, including TMS #s: 459-01-04-008, 459-01-04-009, & 459-01-04-007, together, “Owners.” The parties have agreed to market the properties together, but their members and boards will need to approve the sale and each parcel will be sold and conveyed separately.|
|Area Description:||Gateway to NoMo District Flexible Upper Peninsula (UP) Zoning Mixed-Use Opportunity Located in an Opportunity Zone ±2.5 AC / ±108,900 SF *Existing ±10,904 SF building with no economic value on property Hwy 17 interstate visibility with easy access to Mt. Pleasant and less than a mile from I-26 with access to North Charleston and the airport Minutes from King Street, Charleston’s central business district and major tourist attractions Huger Street streetscape project is in its final approval phase and will include bike lanes, sidewalks, and landscaping|
|Zoning Description:||UP - Upper Peninsula|
|In Flood Plain?:||Yes|
|Available Utilities:||Electric, Water, Gas, Sewer, Cable, Internet Access|
|Proximity:||1 mile||3 miles||5 miles|
Jack V OwensNAI Charleston, LLC SCCMLS Member
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