889 Folly RdCharleston, SC 29412

  • Commercial land
  • 0.53 AC
For Sale
$1,700,000 View listing

Property Details for 889 Folly Rd

Lot size
0.53 AC
Property type
Commercial land
APN
425-02-00-195
APU
4250200195

Description

This exceptional 1.7 million dollar commercial land parcel presents a rare development opportunity in the thriving heart of James Island, Charleston, South Carolina. Located at 889 Folly Road, near the Camp Road intersection, this build-ready lot boasts high visibility and significant traffic flow, making it ideal for a variety of commercial uses. The property is zoned for commercial development, including QSR/Fast Food and shopping center uses. Importantly, all necessary architectural drawings and permits are already secured, significantly streamlining the development process. A key advantage is the pre-approved special exemption for a drive-thru, a highly desirable feature for many fast-food and quick-service restaurants. This significantly reduces development hurdles and accelerates the timeline to opening. The property's prime location on Folly Road in Charleston County, SC, zip code 29412 (latitude 32.7350425, longitude -79.9687319), ensures strong potential for high returns on investment. This is a turnkey opportunity for developers seeking a fast-track project with minimal upfront planning and permitting delays. Don't miss this chance to capitalize on the burgeoning commercial landscape of James Island. Contact us today to learn more about this exceptional property and begin planning your next venture.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,388,261
    Hospitality
    $2,187,634
    Educational
    $1,820,086
    Medical
    $1,882,681
    Retail
    $2,831,244

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.7351
Longitude
-79.9688
CBSA code
16700
CBSA name
CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,221
-
-
$39,320
-
$581,250
$74,000
$655,250

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