Property Type:
Vacant Land
Lot Size (sq. ft.):
26,572
Status:
Closed
Current Price:
$800,000
List Date:
7/27/2022
Last Modified:
7/24/2023
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.
Supplements: 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.
Listing Office: Atlantic Real Estate Services, LLC
Last Updated: July - 24 - 2023
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