62 Portee Ln Walterboro, SC 29488
This exceptional 7.3-acre property in Walterboro, South Carolina, presents a unique mixed-use development opportunity. Zoned Urban Development-1 (UD-1), it offers significant potential for a variety of commercial ventures. The expansive 317,988 square foot lot is located on a major road, providing excellent visibility and accessibility. Its strategic location near Interstate 95 and shopping centers ensures high traffic and convenient access for businesses and customers. The property is currently vacant and being sold "as-is, where-is." A partial house on the property is considered a tear-down and holds no value in the sale. The asking price is $485,000, translating to $1.53 per square foot. Detailed permitted uses under the UD-1 zoning are available upon request. This prime location within a designated growth area makes it an ideal investment for developers seeking a versatile and strategically positioned site. The property's APN is 130-00-00-019.000, and ownership is held as joint tenant. This represents a rare chance to acquire a substantial parcel of land with immense potential for future development and significant return on investment. The property is situated at 62 Portee Ln, Walterboro, SC 29488.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.