Development Opportunity @ Moss Grove Plantation

Vacant Land for Sale
Also listed as Retail-Commercial, Multi-Family
Catylist Listing ID: 29890053
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 28.81 Acres
Sale Price: $85,000 Per Acre
Total Price: $2,448,850
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2022

Overview / Comments

Commercial development allowed and supported by the PD-C zoning and governing municipality (Monks Corner). Some multi-family development could be mixed within the development. This site offers 28.81 acres with approximately 3,000 FEET OF FRONTAGE on HWY-52. There is one existing median cut in place with another proposed to provide efficient ingress/egress to the property. Water and Sewer are supplied by the Berkeley County Water and Sewer Authority. High traffic area (20,000 VPD) between Monks Corner and Goose Creek.

The Subject site is approximately 4.5 miles north of Foxbank Plantation & Monks Corner Marketplace; a +/-75,000/sf Publix anchored shopping center with an anticipated delivery in March 2022. The former Carolina Nursery site, now West Branch Commerce Park, is directly across Hwy 52 from the subject site which now consists of A&R Logistics (up to 1.7M/sf of BTS), a new campus for Berkeley Electric Co-Op, and a future residential development allowing up to 650 units.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Tax ID/APN: 162-00-01-017
Zoning: OTHER
Property Located Between: Monks Corner and Goose Creek across from Carolina Nursery
Property Visibility: Excellent
Largest Nearby Street: HWY-52, Old HWY-52 & 17-A
Feet of Frontage: 3,000
Traffic/Vehicle Count: 20,100
Area Description: Located just before the entrance to Moss Grove subdivision. This is an area with rapid development. Property is in close proximity to Google, Alumax, Mt. Holly Industrial Park, Bushy Park, Jedburg Industrial Area, and the Naval Weapons Station. Right next to the West Branch Commerce Park which was recently designated as a CSX Select Site.
Lot Frontage: 3000
Zoning Description: PD-C Planned Development Commercial allows uses of the following zoning districts C-1, C-2, C-3, and R-3 located in the Town of Monks Corner table (6.15) of permitted uses.
Part of Planned Development?: Yes
Development Name: Moss Grove Plantation
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,942 11,276 22,519
Median Age: 30.52 33.73 36.73
Households: 984 4,078 8,283
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