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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:
9/24/2024
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: September - 24 - 2024
Properties marked with IDX logo are provided courtesy of South Carolina Commercial Multiple Listing Service, Inc.
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