Development Opportunity: Oak Plantation
Vacant Land
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30413873 |
| Property Subtypes: |
Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
|
| Status: |
Pending/Contingent |
| Gross Land Area: |
150 Acres
|
| Sale Price: |
$31,000,000 |
| Unit Price: |
$206,666 Per Acre |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/4/2022 |
Overview / Comments
|
Oak Plantation provides a unique opportunity for investors to take advantage of one of the largest contiguous tracts for infill development remaining in the high growth area of West Ashley, Charleston’s most populated submarket. The property features 150 acres of industrial zoned land ripe for redevelopment and includes existing road infrastructure that services a portion of the land. Situated between two major thoroughfares, Savannah Hwy (Hwy 17) and Bees Ferry Road, the available land features two stop lit corners and nearly 7,000 feet of frontage for future retail and commercial development.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
12 - W.Ashley outside I-526 to Rantowles |
| Tax ID/APN: |
286-00-00-004, 286-00-00-005 |
| Zoning: |
I - Industrial District |
| Property Located Between: |
Savannah Highway & Bees Ferry Road |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Savannah Highway (Hwy 17) |
| Feet of Frontage: |
6,981 |
| Traffic/Vehicle Count: |
33,200 |
| Highway Access: |
I-526, Savannah Highway and Highway 61 |
| Airports: |
Charleston International Airport |
| Area Description: |
Ideally located in a high growth area of West Ashley between Highway 17 and Bees Ferry Road only nine miles from the heart of Downtown Charleston. The property offers unparalleled access to I-526 and is easily accessible for residents of Johns Island and Kiawah Island. |
| Lot Frontage: |
2,985’ on Bees Ferry Road, 1,791’ on US-17 and 2,205’ on Main Road |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
998 |
16,105 |
63,975 |
| Median Age: |
32.88 |
36.7 |
36.59 |
| Households: |
437 |
6,755 |
27,433 |
|
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The information presented herein is provided as is, without warranty of any kind.
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