17 & Porchers Blf Rd Mount Pleasant, SC 29466
This exceptional 6-acre commercial land parcel presents a unique development opportunity in Mount Pleasant, South Carolina. Located at the intersection of Hwy 17 and Porchers Bluff Road, this PD-zoned property boasts significant advantages. The site is pad-ready, with existing curbs and infrastructure in place, ensuring efficient development. Utilities and stormwater management systems are readily accessible. The seller is open to subdividing the land. Approximately 2.3 acres are fully approved for a 121-key hotel, though a moratorium on new hotel approvals currently exists in Mount Pleasant. This prime location offers unparalleled access to a thriving market. The property is adjacent to the Market at Oakland, a Class-A retail development anchored by a Walmart Supercenter, Kohl's, Chick-fil-A, Wells Fargo, Starbucks, McDonald's, and numerous other restaurants and shops. Situated in a high-growth, affluent area of Charleston County, the site benefits from an average household income exceeding $159,951 within a 5-mile radius. Surrounding development includes residential, commercial, grocery, office, and medical facilities, further enhancing its desirability. This is an exceptional opportunity to capitalize on the robust growth and strong demographics of this desirable South Carolina location. The property's zoning allows for a variety of commercial uses, making it an ideal investment for developers seeking a prime location in a high-demand market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.