This exceptional 13-acre commercial development land presents a unique investment opportunity in Summerville, South Carolina. Located at 9500 Dorchester Rd, 29485, this property boasts a prime location directly across from the thriving Corner at Wescott shopping center, a 140,000 square foot retail destination anchored by Harris Teeter and Marshalls. Its adjacency to Lowe's Home Improvement further enhances its visibility and accessibility. The site offers excellent potential for a variety of commercial uses, including retail, office suites, or public storage facilities. An internal road connects the property to Wescott Boulevard, providing convenient access via a full-access intersection. This area is experiencing significant residential growth, fueled by the expanding employee base at The Boeing Company's nearby Charleston International Airport facility. The property's strategic location and versatile zoning make it an ideal choice for developers seeking a high-impact commercial project in a rapidly growing market. Build-to-suit options and individual parcels are available. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location with exceptional potential for long-term growth and return on investment.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$31,160,120
6.5%
$28,763,188
7%
$26,708,674
Comparable approach
Method
Valuation
Relative Method
$23,046,132
Geo Method
$43,653,896
Alternative Use
Use
Valuation
Residential
$24,262,824
Hospitality
$22,224,618
Educational
$18,490,620
Medical
$19,126,542
Retail
$28,763,188
Location Insight
City
Summerville
County
Dorchester
State
South Carolina
Latitude
32.9358
Longitude
-80.1403
CBSA code
16700
CBSA name
CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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