For Sale
$2,337,500

1219 Central AveSummerville, SC 29483

5.5 Acres, Mixed-Use Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5.5-acre property in Summerville, SC, presents a compelling value-add investment opportunity. Located at 1219 Central Ave, this parcel, zoned for Neighborhood Business use (APN 136-07-02-006), includes three individual parcels sold together. The site boasts existing structures, offering immediate income potential or redevelopment options. These include four ranch homes (1442, 1627, and 2297 square feet, built in 1970, 1987, and 1951 respectively), a trailer home, and approximately 6000 square feet of industrial warehouse space. The property's prime location, just three miles from downtown Summerville and within five miles of I-26, Alt 17, and Highway 78, ensures high visibility and accessibility. The rapidly developing area presents significant potential for various uses, including townhome development (approximately 40 units possible), multi-family, retail, office, industrial, or mixed-use projects. The asking price is $2,337,500. This unique offering provides a rare chance to capitalize on Summerville's growth, offering both immediate return and long-term development potential. The existing structures provide flexibility for immediate income generation while the expansive lot size allows for significant future development. This is an ideal opportunity for investors seeking a blend of immediate cash flow and substantial long-term appreciation.

Highlights

  • 5.5-acre land parcel.
  • Neighborhood commercial zoning, allowing mixed residential/commercial use.
  • Four existing residential homes (1,442 SF, 1,627 SF, 2,297 SF, and one mobile home).
  • Two industrial warehouses totaling approximately 6,000 square feet.

Property Details for 1219 Central Ave

Property type
Warehouses, Retail properties
Year Built
1970
Lot Size (sq. ft)
239,580 SF

Location Insight

City
Summerville
County
Dorchester
State
South Carolina
Latitude
33.01796
Longitude
-80.2137967
1219 Central Ave, Summerville, South Carolina

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1219 Central Ave
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