0 Shelby Ray Ct Charleston, SC 29414
This exceptional 4.37-acre commercial land tract in Charleston, South Carolina, presents a unique investment opportunity. Located on Shelby Ray Ct, Charleston, SC 29414, this property is zoned Limited Business (LB) by the City of Charleston, allowing for a maximum building size of 16,000 square feet. The land is part of the Harmony Development Agreement, a larger project encompassing a 33-acre, 240-unit active adult multi-family development and a 52+ acre permanent green space with bike and pedestrian paths connecting to West Ashley Park. This strategic location benefits from excellent access to major roadways, including the recently widened Glenn McConnell Parkway (45,300 vehicles per day), providing convenient connections to Interstate 526 and Bees Ferry Road. The area boasts a substantial population of over 94,000 residential units within a 5-mile radius, with numerous large communities under development. Proximity to key amenities is another significant advantage, with Bon Secours - Roper St. Francis Hospital just 2.5 miles away, and a variety of established retailers including Walmart, Harris Teeter, Starbucks, and numerous other businesses nearby. The APN is 3060000003. This property offers significant potential for developers and investors seeking a prime location in a rapidly growing area. The asking price is $1,200,000.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.