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2063 N Main St
Summerville, SC 29483
Land For Sale
·
2.80 AC
Investment Highlights
- 42,000 AADT 2022 (SCDOT).
- Property located on a corner with two access points.
- Very broad zoning allowing most commercial businesses.
- All utilities are at the site.
- Value buy located between Nexton and Carnes Crossroads
- Seller would entertain a build to suit as well.
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.80 AC |
| Property Type | Land | Cross Streets | US 17 Alt |
| Property Subtype | Commercial | ||
| Zoning | GC - General Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.80 AC |
| Cross Streets | US 17 Alt |
| Zoning | GC - General Commercial |
1 Lot Available
Lot
| Price | $4,823,490 CAD | Lot Size | 2.80 AC |
| Price Per AC | $1,722,674.97 CAD |
| Price | $4,823,490 CAD |
| Price Per AC | $1,722,674.97 CAD |
| Lot Size | 2.80 AC |
Property Taxes
| Parcel Number | 222-14-04-046 | Improvements Assessment | $1,380 CAD |
| Land Assessment | $1,960,267 CAD | Total Assessment | $1,961,648 CAD |
Property Taxes
Parcel Number
222-14-04-046
Land Assessment
$1,960,267 CAD
Improvements Assessment
$1,380 CAD
Total Assessment
$1,961,648 CAD
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