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Property profile & analytics
OFF-MARKET
Land

10822 Pettus Farm Rd Fort Mill, SC 29707

57 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 57 ac (2,482,920 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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