1640 Evelina St Mount Pleasant, SC 29464
This exceptional offering presents a unique opportunity to acquire three contiguous residential development parcels totaling 18.94 acres along the Wando River in Mount Pleasant, South Carolina. The property boasts 817 linear feet of desirable waterfront frontage, providing unparalleled views and recreational potential. The three lots individually measure 4.06 acres, 9.6 acres, and 5.28 acres, offering flexibility for various development scenarios. Conveniently located near the intersection of I-526 and Long Point Road, with proximity to US Highway 17, this site enjoys excellent accessibility and visibility. Charleston County's S-3 zoning permits three units per acre, with potential for rezoning to further enhance development possibilities. Water and sewer services are provided by Mount Pleasant Water Works. The location offers easy access to nationally recognized schools, beaches, and the historic Charleston and North Charleston areas, all within a 20-minute drive. This prime location, combined with the significant waterfront acreage and favorable zoning, makes this an exceptional investment opportunity for discerning developers. Individual lot pricing is as follows: 4.06-acre lot: $2,000,000
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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