Historical Land Sale Listing - 5.22 acres at Folly and Albemarle

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5.22 acres at Folly and Albemarle

Folly Road and Albemarle Road, Charleston, SC 29407

N/A

5.22 AC | Land

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Land - Off Market

Price:
N/A
Lot Size:
5.22 AC
Property Type:
Land
Property Sub-type:
Multifamily (land)
Zoning Description:
MU-1/WF
Listing ID
17433522
Last Updated
over 1 year ago

Utilities

  • Electricity/Power - SCE&G
  • Irrigation
  • Water - CWS
  • Telephone
  • Cable - Comcast

1 Lot

Lot 1

  • N/A
  • 5.22 AC
  • Multifamily (land)
  • 4211100059

Description

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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