W 5th N St & N Laurel St - W 5th N St & N Laurel St | Shovel Ready 0.74 Acres of Commercial Land Offered at $525,000 in Summerville, SC 29483

This Commercial Pad Site in the heart of Downtown Summerville comes with engineered site plans, saving the Buyer a significant amount of time. This is a shovel ready project located in an Opportunity Zone with potential great tax benefits to the Developer. Summerville's newest commercial development project is located at West 5th North St (78) & North Laurel Street. The current suggested plans offer two variations, one building (9,373 SF total) or two buildings with a courtyard (4,225 SF per building). This is a rare opportunity to create customized office or retail space in close proximity to Downtown Historic Summerville. The speculative development includes floor plans that are divisible and customizable. As depicted in the renderings, the two-building plan allows for 4 bays at 2,010 SF each. The one-building plan allows for four bays: two at 2,188 SF each and an addition two end units at 2,295 SF each. This new development is situated along Highway 78, just past Main Street
in Summerville. Businesses will benefit from 14,600 vehicles passing by per day and have the opportunity to display their business name on the approved monument fronting West 5th North St. The Daniels Orchard community immediately in the rear of the commercial space features 155 new single-family homes. There is an opportunity for a drive through component as well. The property is in the Town of Summerville's jurisdiction (Dorchester County) and allows for a wide variety of uses—see zoning notes. The speculative parking ratio is 6 per 1,000. There is an opportunity to purchase the twin adjoining lot, for a combined buildable SF of 17,376 SF. Inquire about BTS opportunity.