5865 Octavia Ave Ravenel, SC 29470-5518
This exceptional 7.4-acre parcel presents a unique investment opportunity in the thriving Ravenel, South Carolina market. Currently operating as a manufactured home park with twelve existing residences, some of which have been established for over three decades, this property offers significant potential for redevelopment. The land is entirely cleared, providing immediate access for construction. Its strategic location offers convenient access to essential amenities. The property is situated just 1.5 miles from a Food Lion grocery store, ensuring residents have easy access to daily necessities. Furthermore, its proximity to Roper St. Francis Hospital, only 9 miles away, provides peace of mind and underscores the desirability of the location. Existing infrastructure further enhances the property's appeal. Ravenel sewer lines run along the rear of the property, while public water lines are readily available on Octavia Avenue, simplifying the connection process for future development. The property's zoning and potential uses should be verified independently with the relevant authorities. This is an ideal site for the construction of single-family homes or multi-family residential units, catering to the growing demand for housing in the area. The existing tenants should not be disturbed. This presents a rare chance to acquire a substantial land holding in a prime location with excellent infrastructure and strong potential for future growth. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.