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    Shelby Ray Ct Charleston, SC 29414

    Sponsored
    For Sale
    $1,200,000

    4.37 Acres, Prime Location, $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.37-acre commercial land tract in Charleston, South Carolina, presents a unique investment opportunity. Located on Shelby Ray Ct, Charleston, SC 29414, this property is zoned Limited Business (LB) by the City of Charleston, allowing for a maximum building size of 16,000 square feet. The land is part of the Harmony Development Agreement, a larger project encompassing a 33-acre, 240-unit active adult multi-family development and a 52+ acre permanent green space with bike and pedestrian paths connecting to West Ashley Park. This strategic location benefits from excellent access to major roadways, including the recently widened Glenn McConnell Parkway (45,300 vehicles per day), providing convenient connections to Interstate 526 and Bees Ferry Road. The area boasts a substantial population of over 94,000 residential units within a 5-mile radius, with numerous large communities under development. Proximity to key amenities is another significant advantage, with Bon Secours - Roper St. Francis Hospital just 2.5 miles away, and a variety of established retailers including Walmart, Harris Teeter, Starbucks, and numerous other businesses nearby. The APN is 3060000003. This property offers significant potential for developers and investors seeking a prime location in a rapidly growing area. The asking price is $1,200,000.

    Property Features for 0 Shelby Ray Ct

    General Information

    Property type
    Land
    Lot Size
    190,357 SF

    HighLights

    • High‑traffic location on Glenn McConnell Pkwy with 45,300 vehicles per day.
    • Charleston, SC, limited business zoning.
    • Ideal site for active adult multifamily development.
    • 16,000 square foot maximum building size.
    • Serves a population exceeding 94,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.07350102443
    Latitude
    32.822880891602

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    FAQs

    What type of property is this?
    Land - 4.37 Acres, Prime Location, $1.2M
    Where is this land located?
    The property is located at Shelby Ray Ct Charleston, SC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: High-traffic location on Glenn McConnell Pkwy with 45,300 vehicles per day.; Charleston, SC, limited business zoning.; Ideal site for active adult multifamily development.
    (843) 343-1351
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    Shelby Ray Ct Charleston, SC 29414
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Shelby Ray Ct Charleston, SC 29414
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