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1225 Central Avenue Avenue, Summerville, SC 29483

$637,500
Property Type: Commercial Sale Status: Active
Current Price: $637,500 List Date: 6/13/2024 Last Modified: 10/21/2024

Description

Prime 5.5-Acre Commercial Real Estate Bundle Near Downtown Summerville This is a rare investment and development opportunity of 5.5-acre commercial real estate bundle, featuring three individual parcels sold together. Each parcel comes with at least one-story ranch home ranging from 1,400 to 2,200 square feet—ideal for adaptive reuse, redevelopment, or a hold for future growth. Situated just 3 miles from Downtown Summerville and within 5 miles of major highways including I-26, Alt 17, and Highway 78, this property is perfectly positioned for convenience and growth. The area is rapidly developing, with new residential and commercial projects on the rise, making this an ideal spot for investors looking to capitalize on Summerville's expanding market. Land Area: Approximately 5.5 acres. EXISTING STRUCTURES: Four Residential Homes: These homes provide immediate housing options or can be renovated for future use. 1970 Ranch Home, 1442 SF 1987 Ranch Home, 1627 SF 1951 Ranch Home, 2297 SF One Trailer Home: Ideal for temporary accommodation or as an additional rental property. Two Industrial Warehouses: (Approx. 6000 sq. ft.): Perfect for storage, workshops, or light manufacturing. Zoning: The parcel is zoned for neighborhood commercial use, allowing for a mix of residential and small-scale commercial activities. Development Potential:Townhomes: With the possibility of constructing approximately 40 townhomes, this bundled parcel could become a vibrant community. Whether you're looking to build, expand, or diversify your portfolio, these parcels offer flexible potential for multi-family, retail, office, industrial, or mixed-use development. With nearby amenities and retail, this location provides easy access to major traffic arteries, ensuring high visibility and accessibility for any future venture.

More Information MLS# 31003592

Location

Street Number: 1225 Street Name: Central Avenue Street Suffix: Avenue County: Dorchester Nearest MSA: Charleston-North Charleston, SC Submarket/Township: 63 - Summerville/Ridgeville State or Province: SC Postal Code: 29483 Parcel Number: 136-07-02-004 Opportunity Zone: No

General Information

Status: Active Property Sub Type: Unimproved Land Secondary Sub-Type: Multi Family Tertiary Sub-Type: Special Purpose Listing Name: Prime Development Opportunity Lot Acres Min: 1.58 Lot Acres: 5.5 Additional Parcels: Yes Additional Parcels Description: This parcel is contingent upon purchasing the two adjacent properties, all totaling approximately 5.5 acres of land. TMS 136-07-02-005 & TMS 136-07-02-006 together with TMS 136-07-02-004 Zoning: Dorchester - N-B - Neighborhood Business List Price/Acre: 115909.09

Contract Information

Listing Contract Date: 2024-06-08 Fixed Price or Range?: Fixed Price List Price: $637,500 Original List Price: 637500 Current Price: $637,500

Land Related

In Flood Plain?: No

Status Change Info

Status Change Date: 2024-06-13

Auction Details

Auction: No

Area and Location

Highway Access: I-26, US-17 ALT Largest Nearby Street: Central Avenue, Main Street Traffic/Vehicle Count: 11000

Property Features

Property Sub Type: Multi Family; Special Purpose; Unimproved Land Current Use: Commercial; Residential Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Sewer: Public Sewer Listing Terms: 1031 Exchange; Cash; Conventional

Documents

Listing Office: Coldwell Banker Realty
Last Updated: October - 21 - 2024
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