Property summary
This exceptional investment opportunity in Summerville, South Carolina, presents a fully approved mixed-use development site at 2215 Central Ave, with permits already secured for immediate construction. The 0.5-acre lot (buyer to verify) encompasses plans for 25 townhome lots, designed for modern living in a high-demand area, and a 3,400 square foot commercial building. This building offers versatile space suitable for retail, office, or mixed-use applications, boasting prime frontage on Central Ave for optimal visibility and accessibility. Located in the thriving Summerville community, a rapidly growing suburb of Charleston, the property enjoys convenient proximity to shopping, dining, and major transportation routes. The development benefits from a Class A designation and falls under the Dorchester - CG - General Commercial zoning. All impact fees have been paid and are included in the asking price of $1,525,000 (receipts available upon request). This turnkey project offers significant potential for both immediate development and long-term growth, eliminating lengthy approval processes and allowing for a swift return on investment. The property is zoned for multifamily and retail uses.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CG_DC · Summerville, SCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CG_DC in Summerville, SC.
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