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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
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. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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