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Property profile & analytics
OFF-MARKET
Land

1200 Folly Rd Charleston, SC 29412

1.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.198-acre commercial land parcel presents a unique investment opportunity in the vibrant Charleston, South Carolina market. Located at 1200 Folly Road, on the corner of Folly Road and Wilton Street, this property boasts a highly desirable location directly opposite the entrance to a Walmart. The property is zoned LB and SFR 1, offering considerable flexibility for development. Currently, the site includes an existing quadraplex and a single-family home, providing immediate income potential or redevelopment options. The approved site plan includes a curb cut on Folly Road, simplifying access and enhancing the property's appeal. This prime location, combined with the flexible zoning, allows for the construction of additional multifamily units or office space, catering to the growing demand in the area. The property is offered fee simple, with the APN numbers being 425-13-00-023, 113,022,120. The asking price for this exceptional investment opportunity is $1,750,000. Don't miss this chance to acquire a strategically located commercial property with significant upside potential in a thriving Charleston neighborhood.

Property profile
Verified
Property type Land
Lot 1.2 ac (52,185 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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