11 acres for Development in Opportunity Zone

Vacant Land for Sale
Catylist Listing ID: 30451130
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 11 Acres
Sale Price: $4,500,000
Unit Price: $409,090 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/4/2019

Overview / Comments

Entitled for 337 units prior to any variances
Located in an OPPORTUNITY ZONE with very low value structure in place
Excellent Charleston Neck Location near downtown
In the business friendly City of North Charleston, bordering the City of Charleston
Excellent visibility from I-26 and the Cosgrove Bridge

No Height Restrictions

VCC already in place
Vacant condemned building on site
Adjacent to Charleston County Parks planned Olympic sports development Possible low-line and waterfront boardwalk tie-ins
Exposure to more than 95,300 vehicles per day on I-26
Utilities already in place
Phase I and II completed
Boundary and Setback Survey Completed

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 469-00-00-017
Zoning: OTHER
Development Name: Osprey View
In Flood Plain?: Yes
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: 5,117 48,839 147,471
Median Age: 38.04 36.5 34.95
Households: 2,026 19,654 60,640
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