Bought with Atlantic Real Estate Services, LLC
$700,000
$800,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
0.61 Acres Lot
SOLD DATE : 07/19/2023
Key Details
Sold Price $700,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision North Charleston
MLS Listing ID 22020060
Sold Date 07/19/23
Lot Size 0.610 Acres
Acres 0.61
Property Description
Opportunity to build 9 townhomes on high ground in a rapidly developing area near Park Circle. City of North Charleston has already given conceptual approval to the engineering plan attached. The site consists of 2 parcels for a total of .61 acres in an area surrounded by new construction. The re-zoning process to R-2 multifamily has already been completed as well. Although there are grand trees on site, each tree has been surveyed by a local arborist and the city has confirmed they can be mitigated should the developer choose to remove them. Documents section contains a lot of useful information to get started on this project. Click 'more' to learn about other options with this site.Alternatively, zoning would also permit a 22 unit multi-family building on this site (contingent on parking, stormwater, etc). Or, the 1919 Orangeburg parcel could be subdivided back into (4) 30-foot wide single-family parcels, as it consists of 4 historical lots. Multiple development options abound on this site! This section of town has seen extensive development over the past few years along East Montague and Spruill Ave. The trend continues in surrounding areas as the city plans to do a $20 million overhaul and renovation to the community center, as well as a brand new state-of-the-art athletic facility. In addition, plans are already taking place to redevelop the old Charleston Navy Yard for mixed use, as well as a new park for festivals and other events. With all the surrounding development and overall convenience of the area, this site is in an ideal location.
Location
State SC
County Charleston
Area 31 - North Charleston Inside I-526
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Lot Description .5 - 1 Acre, High
Sewer Sewer At Site
Schools
Elementary Schools Malcolm C Hursey
Middle Schools Norman C Toole
High Schools North Charleston
Others
Financing Cash, Conventional
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