801 Main St Sumter, SC 29150
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 801 Main St
- Property type
- Commercial real estate
Description
This exceptional 3-acre commercial property in Sumter, South Carolina, presents a unique investment opportunity. Located at 801 N Main Street, 29150, this strategically positioned site boasts prominent frontage on Main Street, directly across from Morris College, a Historically Black College or University (HBCU). The property comprises ten parcels, offering convenient access from Main, College, and Phillips Streets. Currently zoned commercial, this offering includes existing architectural renderings and Phase 1 environmental reports for a proposed upscale 80-unit apartment complex featuring a clubhouse and pool. This comprehensive package simplifies the development process, allowing for a seamless transition into construction. Alternatively, the property can be developed in phases, or even subdivided. Five income-producing rental units situated on College and Phillips Streets provide immediate supplemental income while long-term development plans are executed. The asking price for this significant development opportunity is $3,000,000. This is a chance to acquire a piece of Sumter's history and shape its future. The property's prime location and existing plans make it an ideal investment for developers seeking a high-impact project with substantial potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sumter
- County
- Sumter
- State
- South Carolina
- Longitude
- -80.343088
- Latitude
- 33.938276
