Technical
Financial
Distress signals
Property profile

0 Carolina Bay Dr Charleston, SC 29414

OFF-MARKET
Land
3.03 ac lot
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Property summary

AI-generated overview

This exceptional 3.03-acre commercial land parcel is ideally situated in the thriving Carolina Bay community of Charleston, South Carolina, at 0 Carolina Bay Drive, zip code 29414. The property is zoned City of Charleston - Pud (Planned Unit Development) within a neighborhood commercial district, offering a wide range of development possibilities for office or retail uses. The site boasts desirable features including readily available gravity sewer and water connections, along with master detention/stormwater ponds already in place. Importantly, the land is located in an X flood zone, minimizing flood risk. The soil conditions are favorable for construction. Carolina Bay is a well-established master-planned community currently boasting approximately 1,400 homes and units, with a maximum build-out of 1,500 permitted. This ensures a strong existing residential base to support commercial ventures. The asking price for this exceptional opportunity is $695,000. Furthermore, the property offers the flexibility of potential subdivision into smaller acre tracts, catering to various development scales and investor needs. This presents a unique chance to capitalize on the growth and potential of this vibrant Charleston community.

Property profile

Verified
Property type Land
Lot 3.03 ac (131,987 SF)

Cap rate & NOI

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

Location

Carolina Bay Dr Charleston, SC 29414
Charleston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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