Industrial, Office, 150+ Space MHP, Residential Site

Vacant Land for Sale
Catylist Listing ID: 30384771
Property Subtypes: Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 40 Acres
Sale Price: $1,279,650
Unit Price: $31,991 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

40+/- acres fronting I-95 at I-95 Exit 62 ready to be rezoned to Industrial if that is the Purchaser's request or continued commercial utilization, residential, or an approximately 150 space RV or Mobile Home Park that would likely yield high rates of return as an investment. There are two 3,000 gallon septic tanks and one 1,000 gallon pump tank with all infrastructure to service the site or the possibility exists longer term to tap into sewer and water which is across McCloud Road at the Industrial Park. There is plenty of electrical service to the as-is site. This site is an excellent investment for conversion to Industrial Zoning as this is one Exit up from the main I-95 Exit into Walterboro. The ability to attract trucking concerns and office users around the10.4 acre lake exists as well. This site was originally a 150 space campground/RV park, and the property comes with an approximately 5000sf building, a 1200SF brick office, and a 24x40 garage. There are several other outbuildings and features to include an electrically controlled gate system that could be removed or replaced. This property is wonderfully centered for logistics approximately halfway between North Carolina and Georgia on Interstate I-95 thus lending itself perfectly to all Intermodal Transhipment Concerns. The possibility exists to look at additional contiguous properties for an assemblage into a bigger footprint. I will be glad to coordinate any concerns with Colleton County Economic Development and also the SC Commerce Department. The Seller will consider Owner Financing a purchase on mutually agreeable terms to be negotiated.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Colleton
Submarket/Township: 82 - Colleton County
Submarket Type: Foreign Trade Zone
Taxing Authority: Colleton County
Tax ID/APN: 079-00-00-043.000
Property Located Between: I-95 Exit 62 / McCloud Road with Brunson Road on the left.
Property Visibility: Excellent
Legal Description: Tract I-95 & S-15-34 MapPlatB 22 MapPlatP 104 Latitude/Longitude 33.009605°/-80.665536°
Largest Nearby Street: Interstate I-95 and McCloud Road Exit 62
Highway Access: Approximately one to two minutes access to Interstate I-95 which is the Main Corridor for North/South Highway Logistics for the East Coast and beyond. Excellent Highway Access for a high volume MHP of approximately 150 spaces. NOI should be large on that type of investment with access near to Highway 15 also.
Airports: Approximately ten miles to the Walterboro Airport & approximately sixty mile to Charleston International Airport.
Site Description: Approximately 40 plus high acres surrounding a 10 plus acre lake well suited for Industrial, Residential, Commercial, or Dense Mobile Home and RV Park Utilization which would give a strong yield based on the conceivable lot rents for 150 plus Units on forty acres more or less. There are conceivably other assembly tracts contiguous to add to the footprint.
Area Description: This is a rapidly growing expansion area of Colleton County one I-95 Exit up from Downtown Walterboro poised to grow on an Industrial and Commercial basis. Additionally, housing is needed for employees and this would provide such a site for that. This site could also be repurposed to a religious retreat site or area with the benefit of a lake on site. This area is in transition as the current and the next development footprint so get on board now. This property is wonderfully centered for logistics approximately halfway between North Carolina and Georgia on Interstate I-95 thus lending itself perfectly to all Intermodal Transhipment Concerns.
Zoning Description: Currently Improved Agricultural as a holding pattern but commercial uses of the property occur. Per the Colleton County, Economic Development Officer conversion to Industrial Zoning may be possible. Additionally, conversion to a 150+ space Mobile Home Park or RV Site is possible per the Zoning Director.
Part of Planned Development?: Yes
Development Name: Prior "Lakeside Campground"
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Standard Utility Easements
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Cable, Internet Access, Other
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,205 7,977
Median Age: 38.84 39.59
Households: 455 2,917


Photograph of Listing Agent

Gilbert B Bradham, Jr

Palmetto Commercial Prop, LLC SCCMLS Member
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