For Sale
$3,000,000

801 Main StSumter, SC 29150

Prime 3-acre Sumter site, development plans included.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • $3,000,000 asking price.
  • Special purpose property.
  • Located at 801 N Main Street, Sumter, SC 29150.
  • Three acres comprising ten parcels with Main Street, College Street, and Phillips Street access.
  • Includes architectural renderings and Phase 1 environmental reports for a proposed 80-unit apartment complex.
  • Five existing income-producing rental properties included.

Property Details for 801 Main St

Property type
Specialty properties

Location Insight

City
Sumter
County
Sumter
State
South Carolina
Latitude
33.938276
Longitude
-80.343088
801 Main St, Sumter, South Carolina

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801 Main St
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