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Property profile

2215 Central Ave Summerville, SC 29483

OFF-MARKET
Commercial real estate
Property ID
US77-1492042
View Sample
1.07 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity in Summerville, South Carolina, presents a fully approved mixed-use development site at 2215 Central Ave, with permits already secured for immediate construction. The 0.5-acre lot (buyer to verify) encompasses plans for 25 townhome lots, designed for modern living in a high-demand area, and a 3,400 square foot commercial building. This building offers versatile space suitable for retail, office, or mixed-use applications, boasting prime frontage on Central Ave for optimal visibility and accessibility. Located in the thriving Summerville community, a rapidly growing suburb of Charleston, the property enjoys convenient proximity to shopping, dining, and major transportation routes. The development benefits from a Class A designation and falls under the Dorchester - CG - General Commercial zoning. All impact fees have been paid and are included in the asking price of $1,525,000 (receipts available upon request). This turnkey project offers significant potential for both immediate development and long-term growth, eliminating lengthy approval processes and allowing for a swift return on investment. The property is zoned for multifamily and retail uses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.07 ac (46,609 SF)
Zoning code CG_DC
APN 151-04-00-043
UPID US77-1492042

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2020
$110,000
2020
Price N/A
2013
Price N/A
2012
Price N/A
2011
Price N/A
2005
Price N/A

Zoning & alternative use

CG_DC · Summerville, SC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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