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2063 N Main ST Summerville, SC 29486
121,968 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 121,968 sqft
Price per Sqft $28
MLS Listing ID 31008641
Lot Size 2.800 Acres
Acres 2.8
Property Sub-Type Unimproved Land
Property Description
This is a rare opportunity to acquire a high-potential commercial development positioned for strong long-term income andvalue growth. Based on projected rental rates of approximately $35.00 per square foot, the proposed 24,650 SF developmenthas the potential to generate an estimated annual gross income of approximately $862,750. At a projected 7% capitalizationrate, the property could support an estimated stabilized valuation of approximately $12.3 million.Even more compelling, the property is being offered with permits already in place, significantly reducing developmenttimeline and risk. Extensive due diligence materials -- including wetland studies, soil reports, groundwater analysis, and siteevaluations -- have already been completed and are available upon request, providing investors and developers with avaluable head start toward bringing this project to life. 2.80 Acres For Sale to be developed. 42,000 AADT 2022 (SCDOT). All utilities are at the site. Property located on a corner with two accesspoints. Value buy located between Nexton and CarnesCrossroads Seller would entertain a build to suit as well. Very broad zoning allowing mostcommercial businesses.
Location
State SC
County Berkeley
Zoning Berkeley - GC - General Commercial
Listed by Jing Donovan • Coldwell Banker Comm/Atlantic
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