10822 Pettus Farm Rd Fort Mill, SC 29707
Exceptional 57-acre residential land parcel in Fort Mill, South Carolina, is offered at $6,000,000. This expansive property boasts approximately 55 acres under parcel number 0003 0005200 and an additional 2 acres under parcel number 0003 0005206, situated along McAlpine Creek. The land includes two existing houses and outbuildings, presenting various development possibilities. Note that a small area bordering McAlpine Creek falls within a designated flood zone. Importantly, this property, along with 5 additional acres (now unavailable), received Preliminary Plat Approval in July 2023 for a 99-lot residential subdivision. A developer would need to revise the plan to reflect the removal of the 5 unavailable acres and resubmit for approval. The property is zoned MDR and located at 10822 Pettus Farm Rd, Fort Mill, SC 29707, in Lancaster County. Several planned developments are situated on adjacent lands, indicating a strong potential for future growth and value appreciation. This presents a unique opportunity for residential development in a desirable location. The property's size and zoning make it an attractive investment for developers seeking to capitalize on the area's growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.