Development Opportunity in Short Term Overlay

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30512452
Property Subtypes: Multi-Family, Office, Retail
Status: Pending/Contingent
Gross Land Area: 1,973 SF
Sale Price: $599,000
Unit Price: $303.60 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

Possible development opportunity! This space is zoned Limited Business and is located on a great corner lot in the middle of downtown, walking distance to King Street. This land is in the short term rental overlay making it a perfect space for a short term rental project. Opportunity for commercial space below with commercially zoned short term rental units above!

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-12-01-086
Zoning: LB - Limited Business
Property Located Between: Morris Street at Felix Street
Property Visibility: Good
Zoning Description: LB Limited Business, Old City Height Districts, Amusement & Recreation Overlay, Short Term Rentals Overlay, Old City District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,813 57,959 138,768
Median Age: 27.47 34.25 36.41
Households: 9,289 24,545 58,092
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