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W 5th North St (78) & North Laur Street, Summerville, SC 29483
$575,000
Property Type:
Commercial Sale
Status:
Active
Current Price:
$575,000
List Date:
2/04/2024
Last Modified:
3/12/2024
Description
This Commercial Pad Site in the heart of Downtown Summerville comes with approved engineered site plans as well as all permits needed to begin construction. This is a shovel ready project located in an Opportunity Zone with potential great tax benefits to the Developer.
Summerville's newest approved commercial development project is located at West 5th North St (78) & North Laurel Street. The current approved plans offer a total of 6,000 SF of office or retail space in close proximity to Downtown Historic Summerville. The speculative development includes floor plans that are divisible and customizable, ranging from 1,000-6,000SF. This new development is situated along Highway 78, just past Main Street in Summerville. Businesses will benefit from 14,600 vehicles passing by per day and have the opportunity to display their business name on the approved monument fronting West 5th North St.
Per the speculative development plans, there is a work, live opportunity within this community with luxury flats available for rent above the commercial space. The Daniels Orchard community immediately in the rear of the commercial space features 155 new single-family homes. There is an opportunity for a possible drive through component as well.
The property is in the Town of Summerville's jurisdiction (Dorchester County)
and allows for a wide variety of uses—see zoning notes. The speculative parking ratio is 4 per 1,000. See attached See attached elevations, potential bay layout, and site demographics.
More Information MLS# 30824555
Location
Street Direction Prefix: W
Street Name: 5th North St (78) & North Laur
Street Suffix: Street
County: Dorchester
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 63 - Summerville/Ridgeville
State or Province: SC
Postal Code: 29483
Parcel Number: 130-12-01-002
General Information
Status: Active
Property Sub Type: Unimproved Land
Secondary Sub-Type: Multi Family
Tertiary Sub-Type: Office
Listing Name: Office/Retail Pad Side | Shovel Ready
Lot Acres Min: 0.74
Lot Acres: 0.74
Land Splits Available: No
Additional Parcels: No
Taxing Authority: Dorchester County
Property Visibility: Excellent
List Price/Acre: 777027.03
List Price/SqFt: 95.83
For Comp Purposes Only: No
Contract Information
Listing Contract Date: 2022-11-14
Fixed Price or Range?: Fixed Price
List Price: $575,000
Compensation Payment Method: Call
Compensation Notes: This is an offer to share commissions, commission paid to outside brokers is contingent on Carolina One being paid by Owner/Landlord.
Current Price: $575,000
Land Related
Part of Planned Development?: Yes
In Flood Plain?: No
Directions & Remarks
Public Remarks: This Commercial Pad Site in the heart of Downtown Summerville comes with approved engineered site plans as well as all permits needed to begin construction. This is a shovel ready project located in an Opportunity Zone with potential great tax benefits to the Developer.
Summerville's newest approved commercial development project is located at West 5th North St (78) & North Laurel Street. The current approved plans offer a total of 6,000 SF of office or retail space in close proximity to Downtown Historic Summerville. The speculative development includes floor plans that are divisible and customizable, ranging from 1,000-6,000SF. This new development is situated along Highway 78, just past Main Street in Summerville. Businesses will benefit from 14,600 vehicles passing by per day and have the opportunity to display their business name on the approved monument fronting West 5th North St.
Per the speculative development plans, there is a work, live opportunity within this community with luxury flats available for rent above the commercial space. The Daniels Orchard community immediately in the rear of the commercial space features 155 new single-family homes. There is an opportunity for a possible drive through component as well.
The property is in the Town of Summerville's jurisdiction (Dorchester County)
and allows for a wide variety of uses—see zoning notes. The speculative parking ratio is 4 per 1,000. See attached See attached elevations, potential bay layout, and site demographics.
Status Change Info
Status Change Date: 2024-02-04
Back on Market Date: 2024-02-04
Auction Details
Auction: No
Area and Location
Largest Nearby Street: W 5th N St
Rail Access: No
Property Features
Property Sub Type: Multi Family; Office; Retail; Shopping Center; Unimproved Land
Current Use: Other
Existing Lease Type: Other
Water Source: Public
Sewer: Public Sewer
Listing Terms: Cash; Other
Documents
Listing Office: Carolina One Commercial Real Estate
Last Updated: March - 12 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Properties marked with IDX logo are provided courtesy of South Carolina Commercial Multiple Listing Service, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Carolina Commercial Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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