1516 Ridge Rd - 1516 Ridge Road 10.29 Acres of Commercial Land Offered at $1,383,461 CAD in Greenville, SC 29607

54 Line Street presents a rare opportunity to acquire a development site within Charleston’s downtown peninsula, positioned between King Street and Meeting Street in the highly sought-after Cannonborough-Elliottborough district. The ±0.20-acre parcel is one of the remaining infill development opportunities in an area that continues to attract substantial hospitality, residential, retail, and mixed-use investment.
The property is zoned MU-2/WH and is approved for a variety of development concepts, including a boutique hotel, apartment hotel, multifamily project, or mixed-use development. Marketing materials indicate the site can accommodate a boutique hotel concept of approximately 50 keys and has benefited from discussions supporting an eight-story multi-use development configuration. As a currently unimproved parcel, the property offers developers flexibility to capitalize on Charleston’s constrained land supply and growing demand for hospitality and mixed-use projects.
The location places the site adjacent to major redevelopment activity, including Greystar’s Courier Square project and the Line & Low development. The property also borders the emerging Lowcountry Lowline greenway and is situated within walking distance of the Upper King Street corridor, one of Charleston’s most active dining, retail, and entertainment destinations. Charleston’s tourism sector generated a reported $14 billion in economic impact during 2024, supporting continued investor interest in hospitality-oriented assets throughout the downtown market.
Additionally, the property is located within a federally designated Opportunity Zone, creating potential tax advantages for qualifying investors. Combined with its downtown location, development flexibility, and proximity to transformative projects, 54 Line Street offers a compelling urban development opportunity in one of the Southeast’s most established tourism and investment markets.