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0 St. Ives Rd
North Charleston, SC 29406
0 Saint Ives Road · Land For Sale
·
4.50 AC
Property Facts
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 4.50 AC |
| Zoning | C | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 4.50 AC |
| Zoning | C |
Description
Surveying 17 rental complexes in the surrounding area, the average rent-per-unit comes out to $906 (with a vacancy rate of 5.9%). Summerville, Goose Creek and North Charleston have experienced a supply wave, as a result these submarkets have delivered over 400 units as of 17Q3. The current pipeline for construction of apartment units in this area is 312/units which will be delivered in the 4 quarter of 2017. These new apartments only represent 3.3% of the inventory in the area. At this time there are no proposals for future developments of multi- family units in this area for the next year. A complex built on this property could offer a new product, unique in its amenities, within 2.5 miles of Trident Technical College. The apartment complexes in the area fail to adequately attract newer, younger tenants. The location is ideally situated between downtown Charleston and Summerville, SC. The area’s manufacturing market combined with the influx of young professionals could make this location attractive.
Property Taxes
| Parcel Number | 484-00-00-073 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $51,000 |
Property Taxes
