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Listed by 843-884-7300 • AgentOwned Realty Preferred Group
$1,000,000
Est. payment /mo
0.38 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Charleston Farms
MLS Listing ID 25032367
HOA Y/N No
Lot Size 0.380 Acres
Acres 0.38
Property Description
R-2 Multifamily Development Opportunity - Corner Lot Near Park CircleRecently zoned R-2 Multifamily by the City of North Charleston, this 0.8-acre corner lot (a combination of 1634 and 128 Sumner Avenue TMS# 473-14-00-099) offers exceptional potential for new multifamily development.The properties currently include two homes and one mobile home, all conveying at no value. It's ideally situated between Stallion Grove Apartments to the rear and Read Street Apartments to the right, with the Charleston Farms Community Center--featuring a community garden --directly across the street.A new survey has been ordered and is expected in January, marking property corners, setbacks, and easements. In the meantime, an older plat and the City of North Charleston's R-2 multifamily guidelines are available under documents.
According to current guidelines, R-2 zoning allows buildings up to 200 feet in length with a maximum of 8 units per building. For reference, Stallion Grove Apartments behind the property currently includes 16 single-level units on just 0.55 acres.
This is a rare opportunity to invest early in an area experiencing rapid growth and redevelopment. Just one block away, Attaway Street connects Charleston Farms to the vibrant Park Circle community --home to popular restaurants, nightlife, and boutique shopping.
According to current guidelines, R-2 zoning allows buildings up to 200 feet in length with a maximum of 8 units per building. For reference, Stallion Grove Apartments behind the property currently includes 16 single-level units on just 0.55 acres.
This is a rare opportunity to invest early in an area experiencing rapid growth and redevelopment. Just one block away, Attaway Street connects Charleston Farms to the vibrant Park Circle community --home to popular restaurants, nightlife, and boutique shopping.
Location
State SC
County Charleston
Area 32 - N.Charleston, Summerville, Ladson, Outside I-526
Exterior
Community Features Bus Line, Clubhouse
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Lot Description .5 - 1 Acre, Interior Lot, Level
Sewer Sewer At Site
Schools
Elementary Schools Matilda Dunston
Middle Schools Morningside
High Schools North Charleston
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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