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0 Crosscreek Dr - 6.17AC. Lot Zoned Multi Family R-4 6.17 Acres of Commercial Land in Summerville, SC 29485
Investment Highlights
- Fully entitled 108-unit multifamily development site in Summerville.
- Four years of entitlement and predevelopment work already completed.
- Approximately five minutes from HCA Healthcare Summerville Hospital.
- Final DRB approval and MS4 Land Disturbance Permit are in hand.
- Adjacent to the new $12 million Oakbrook Sports Complex.
- Includes a planned commercial component for additional income potential.
Executive Summary
Crosscreek presents a fully entitled multifamily development opportunity in the Summerville submarket of the Charleston MSA. The 6.18-acre site is approved for a 108-unit garden-style apartment community consisting of six residential buildings and one commercial building. Ownership has completed approximately four years of entitlement and predevelopment work, including annexation into the Town of Summerville, final Development Review Board approval, and receipt of an MS4 Land Disturbance Permit, allowing a purchaser to advance directly into the development phase.
The project benefits from established utility capacity and limited off-site improvement requirements, reducing development complexity and helping accelerate project delivery. The planned community features exclusively two-bedroom and three-bedroom floor plans, creating a differentiated product within the market. The development also includes a commercial component designed to provide an additional income stream.
Crosscreek is positioned within an established commercial, medical, and recreational corridor. The property is located approximately five minutes from HCA Healthcare Summerville Hospital, a recently expanded 174-bed regional healthcare facility, and directly adjacent to the new $12 million Oakbrook Sports Complex featuring athletic fields, courts, trails, playgrounds, and YMCA programming. Nearby retailers and services include Publix, Walmart, ALDI, Lowe's Foods, CVS, Cinemark, fitness facilities, and other daily-needs amenities.
The Summerville market continues to benefit from regional population growth, expanding employment opportunities, and improving multifamily fundamentals. With major entitlement milestones already achieved, utility capacity established, and key demand drivers nearby, Crosscreek offers investors and developers a substantially advanced multifamily development opportunity in one of the Charleston region's fastest-growing suburban markets.
The project benefits from established utility capacity and limited off-site improvement requirements, reducing development complexity and helping accelerate project delivery. The planned community features exclusively two-bedroom and three-bedroom floor plans, creating a differentiated product within the market. The development also includes a commercial component designed to provide an additional income stream.
Crosscreek is positioned within an established commercial, medical, and recreational corridor. The property is located approximately five minutes from HCA Healthcare Summerville Hospital, a recently expanded 174-bed regional healthcare facility, and directly adjacent to the new $12 million Oakbrook Sports Complex featuring athletic fields, courts, trails, playgrounds, and YMCA programming. Nearby retailers and services include Publix, Walmart, ALDI, Lowe's Foods, CVS, Cinemark, fitness facilities, and other daily-needs amenities.
The Summerville market continues to benefit from regional population growth, expanding employment opportunities, and improving multifamily fundamentals. With major entitlement milestones already achieved, utility capacity established, and key demand drivers nearby, Crosscreek offers investors and developers a substantially advanced multifamily development opportunity in one of the Charleston region's fastest-growing suburban markets.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 6.17 AC |
| Property Type | Land | Cross Streets | Old Trolley Road |
| Property Subtype | Commercial | ||
| Zoning | R-4 - Multi-Family Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 6.17 AC |
| Cross Streets | Old Trolley Road |
| Zoning | R-4 - Multi-Family Residential |
1 Lot Available
Lot
| Lot Size | 6.17 AC |
| Lot Size | 6.17 AC |
6.18-acre site approved for a 108-unit garden-style apartment community consisting of six residential buildings and one commercial building.
Description
Crosscreek is a 6.18-acre development site in Summerville, South Carolina, approved for a 108-unit multifamily community consisting of six residential buildings and one commercial building. The property has received final Development Review Board approval and an MS4 Land Disturbance Permit. Utility capacity has been established and off-site improvement requirements are limited. The site is adjacent to the Oakbrook Sports Complex and located near HCA Healthcare Summerville Hospital, retail services, recreational facilities, and major transportation corridors within the Summerville submarket.
1 1
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 161-04-03-002 | Improvements Assessment | $0 |
| Land Assessment | $94,500 | Total Assessment | $94,500 |
Property Taxes
Parcel Number
161-04-03-002
Land Assessment
$94,500
Improvements Assessment
$0
Total Assessment
$94,500
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