Development Opportunity: Oak Plantation

Vacant Land for Sale
Catylist Listing ID: 30413873
Property Subtypes: Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 150 Acres
Sale Price: $31,000,000
Unit Price: $206,666 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/15/2022

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

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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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