Auction Details

Auction

No

Directions & Remarks

Public Remarks

This is a rare opportunity to acquire a high-potential commercial development positioned for strong long-term income and value growth. Based on projected rental rates of approximately $35.00 per square foot, the proposed 24,650 SF development has the potential to generate an estimated annual gross income of approximately $862,750. At a projected 7% capitalization rate, the property could support an estimated stabilized valuation of approximately $12.3 million. Even more compelling, the property is being offered with permits already in place, significantly reducing development timeline and risk. Extensive due diligence materials -- including wetland studies, soil reports, groundwater analysis, and site evaluations -- have already been completed and are available upon request, providing investors and developers with a valuable head start toward bringing this project to life. • 2.80 Acres For Sale to be developed. • 42,000 AADT 2022 (SCDOT). • All utilities are at the site. • Property located on a corner with two access points. • Value buy located between Nexton and Carnes Crossroads • Seller would entertain a build to suit as well. • Very broad zoning allowing most commercial businesses.

Property Sub Type

Unimproved Land

Yes

Property Features