5865 Octavia AveRavenel, SC 29470

  • Residential income properties
  • 7.43 AC
For Sale
$1,500,000 View listing

Property Details for 5865 Octavia Ave

Year built
1988
Lot size
7.43 AC
Property type
Residential income properties
Property subtype
Mobile home & RV parks
APN
187-00-00-220
APU
1870000220

Description

This exceptional 7.4-acre parcel presents a unique investment opportunity in the thriving Ravenel, South Carolina market. Currently operating as a manufactured home park with twelve existing residences, some of which have been established for over three decades, this property offers significant potential for redevelopment. The land is entirely cleared, providing immediate access for construction. Its strategic location offers convenient access to essential amenities. The property is situated just 1.5 miles from a Food Lion grocery store, ensuring residents have easy access to daily necessities. Furthermore, its proximity to Roper St. Francis Hospital, only 9 miles away, provides peace of mind and underscores the desirability of the location. Existing infrastructure further enhances the property's appeal. Ravenel sewer lines run along the rear of the property, while public water lines are readily available on Octavia Avenue, simplifying the connection process for future development. The property's zoning and potential uses should be verified independently with the relevant authorities. This is an ideal site for the construction of single-family homes or multi-family residential units, catering to the growing demand for housing in the area. The existing tenants should not be disturbed. This presents a rare chance to acquire a substantial land holding in a prime location with excellent infrastructure and strong potential for future growth. Serious inquiries only.

5865 Octavia Ave, Ravenel, South Carolina

Location Insight

City
Ravenel
County
Charleston
State
South Carolina
Latitude
32.7776
Longitude
-80.2278
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
$6,016
-
-
$22,580
-
$419,450
$28,600
$448,050

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