3512 Shelby Ray Ct Charleston, SC 29414
- Land
- 33.00 lot acres
Current Use by Public Records
- Land
Property Details for 3512 Shelby Ray Ct
- Lot size
- 33.00 lot acres
- Property type
- Land
Description
This exceptional 33-acre tract in Charleston, SC (APN 306-00-00-003), offers a unique opportunity to develop a 240-unit active adult multifamily community. The property is entitled for 240 units, with flexibility to include up to 55 row/town/patio homes or all stacked units. An additional 4.37+ acre commercial parcel allows for up to 16,000 square feet of development. The site benefits from its proximity to major roadways, including the recently widened Glenn McConnell Parkway (45,300 vehicles per day), providing easy access to I-526 and Bees Ferry Road. This prime location is also served by the Bees Ferry/Glenn McConnell corridor and is only 2.5 miles from Bon Secours - Roper St. Francis Hospital. The area boasts a population of over 94,000 within a 5-mile radius, with significant residential growth underway. Furthermore, the development includes a 52+ acre permanent green space featuring bike and pedestrian paths connecting to West Ashley Park, enhancing the community's appeal and livability. Nearby amenities include a variety of retail options such as Walmart, Harris Teeter, Starbucks, and numerous other businesses. The asking price for this remarkable development opportunity is $7,700,000. This is a truly exceptional investment opportunity in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -80.0704
- Latitude
- 32.8222
