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5.22 acres at Folly and Albemarle
Folly Road and Albemarle Road, Charleston, SC 29407
Land - Off Market
- Property Type:
- Property Sub-type:
- Multifamily (land)
- Zoning Description:
- Listing ID
- Last Updated
- over 1 year ago
- Electricity/Power - SCE&G
- Water - CWS
- Cable - Comcast
This offering represents a rare opportunity to acquire 5.2 acres of vacant land located in the West Ashley submarket of Charleston, South Carolina. The property is within minutes of downtown Charleston and its businesses, culture, and amenities. The zoning and existing entitlements will enable a Buyer to develop an umlimited amount of multi-family units, subject to a 50 foot height restriction and the MU-1/WF zoning, which is described in detail within the full offering package. Buyers should read the entire ordinance for full clarification.
The property is located near the intersection of Folly Road and Albemarle Road, just across the Highway 17 bridge from downtown Charleston. The location of the site and its proximity to downtown Charleston is exceptional. The property is adjacent Porter Gaud School, one of the most prestigious private schools in the State of South Carolina, and is across the street from a recently developed condominium project. It is also within a 5 minute drive to downtown Charleston, the Medical University of South Carolina, Roper Hospital, the College of Charleston, the Citadel, and the historic district.
The immediate surrounding area is characterized by high-end residential and retail, with two of the more affluent residential neighborhoods in Charleston within a mile of the property. In additon, the property is within 1/4 of a mile from Ripley Light Marina, a wet slip and dry stack marina facility that could provide access to boating for tenants of a multi-family community. Adjacent to the West Ashley Greenway, a 10.5 mile biking and predestrian path that parallels the Savannah Highway and stretches from the Ashley River to Johns Island.
Map of Folly Road and Albemarle Road, Charleston, SC 29407 (Charleston County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P