0 Highway 17 Mount Pleasant, SC 29466
This exceptional 5.95-acre commercial land parcel presents a rare development opportunity in Mount Pleasant, South Carolina. Located on Highway 17 North, it boasts 481 feet of prime frontage and an impressive average daily traffic count of 50,484 vehicles. Situated directly across from the entrance to Brickyard Plantation, this property offers unparalleled visibility and accessibility. Currently in Charleston County, annexation into the Town of Mount Pleasant is required for sewer service. The site falls within the Village Commercial Area of the Sweetgrass Overlay District, designated as a commercial property by the town and potentially zonable as AB. Development potential is significant, with a maximum building size of 10,000 square feet per developable acre, allowing for approximately 60,000 square feet across multiple buildings (larger buildings may require variances). Permitted uses under the AB zoning include a wide range of possibilities, such as office, medical office, retail, assisted living, entertainment, animal care, restaurants, event venues, R&D, flex space, senior housing, civic uses, and schools. The property comprises 2.8 acres of non-jurisdiction freshwater wetlands and 3.15 acres of highland. While the site does not contain aquatic resources subject to Corps jurisdiction, filling may require the purchase of mitigation credits, estimated at $85,000 per acre. The owner's AJD letter is valid for five years, expiring in January 2029. The asking price is $1,950,000. APN: 578-00-00-042.
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.