Technical
Financial
Distress signals
Property profile

1861 State Rd Summerville, SC 29486

OFF-MARKET
Land
Property ID
US77-2845272
1.67 ac lot
Entity Owned 2-yr Hold
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Property summary

AI-generated overview

This exceptional 1.67-acre commercial land parcel presents a unique investment opportunity in Summerville, South Carolina. Located at 1861 State Road, this property boasts a highly desirable location directly across from the future Cane Bay retail development, ensuring excellent visibility and accessibility. Currently zoned Rural and Neighborhood Commercial District (RNC), this site is primed for immediate development. The parcel's strategic position south of Nexton Parkway offers convenient access to major transportation routes. While sewer is not currently available, water is accessible within the Highway 176 Right of Way. A significant portion of the due diligence process has already been completed by the current owner, streamlining the acquisition process for the buyer. The previous structure on the site has been removed, leaving a clean slate for construction. This versatile property is well-suited for a variety of commercial uses, including office/retail spaces or a flex/warehouse showroom combination, making it an attractive option for both developers and end-users. The adjacent five-acre parcel is also available for purchase separately. The APN is 194-00-01-025. This offering presents a compelling opportunity to capitalize on the growth and potential of this thriving area. The asking price for this exceptional property is $698,800.

Property profile

Verified
Property type Land
Lot 1.67 ac (72,745 SF)
UPID US77-2845272

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1861 State Rd Summerville, SC 29486
Summerville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
4 recorded transactions
2024
$350,000
2022
$350,000
2017
$11,000
2016
$30,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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