Technical
Financial
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Property profile

0 Carolina Bay Dr Charleston, SC 29414

OFF-MARKET
Land
1.3 ac lot
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Property summary

AI-generated overview

This exceptional 1.3-acre commercial lot, located at 0 Carolina Bay Drive in Charleston, South Carolina, presents a prime development opportunity. Priced at $225,000, this property boasts a City of Charleston Planned Unit Development (PUD) zoning designation within a Neighborhood Commercial District. This zoning allows for a variety of commercial uses, including office and retail spaces, making it highly versatile for developers. The site benefits from excellent soil conditions, readily available gravity sewer and water infrastructure, and is situated within a master-planned community's established stormwater management system. Importantly, the property is located in an X flood zone, minimizing flood risk. Carolina Bay is a thriving community with approximately 1,400 existing homes and units, with a maximum of 1,500 permitted, ensuring a robust and growing customer base for any commercial venture. The APN is 307-00-00-005 and the zip code is 29414. This location offers significant potential for a variety of commercial developments, capitalizing on the existing residential population and the strategic zoning allowances. This is a rare opportunity to acquire a well-situated commercial lot in a desirable Charleston neighborhood.

Property profile

Verified
Property type Land
Lot 1.3 ac (56,628 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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