2215 Central AveSummerville, SC 29483

  • Other commercial real estate
  • 1.07 AC
For Sale
$1,525,000 View listing

Property Details for 2215 Central Ave

Lot size
1.07 AC
Zone code
CG_DC
Property type
Other commercial real estate
APN
151-04-00-043
APU
1510400043

Description

This exceptional investment opportunity in Summerville, South Carolina, presents a fully approved mixed-use development site at 2215 Central Ave, with permits already secured for immediate construction. The 0.5-acre lot (buyer to verify) encompasses plans for 25 townhome lots, designed for modern living in a high-demand area, and a 3,400 square foot commercial building. This building offers versatile space suitable for retail, office, or mixed-use applications, boasting prime frontage on Central Ave for optimal visibility and accessibility. Located in the thriving Summerville community, a rapidly growing suburb of Charleston, the property enjoys convenient proximity to shopping, dining, and major transportation routes. The development benefits from a Class A designation and falls under the Dorchester - CG - General Commercial zoning. All impact fees have been paid and are included in the asking price of $1,525,000 (receipts available upon request). This turnkey project offers significant potential for both immediate development and long-term growth, eliminating lengthy approval processes and allowing for a swift return on investment. The property is zoned for multifamily and retail uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,054,733
    Hospitality
    $10,126,076
    Educational
    $8,424,776
    Medical
    $8,714,517
    Retail
    $13,105,207
2215 Central Ave, Summerville, South Carolina

Location Insight

City
Summerville
County
Dorchester
State
South Carolina
Latitude
32.9828
Longitude
-80.2422
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
2022
$1
$6,429
-
$6,429
-
$107,145
-
$107,145

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