1.5 acres land in Summerville SC - goes on MLS later this month

[Pearce G.]

I'm closing on a property next week that includes approximately 1.5 acres raw land.  If you know the area, it is along a busy corridor between downtown Summerville and the Knightsville Crossing area.  18,000 vehicles per day.

In addition to the vacant land, there is a brick ranch house converted to office space.  I intend to subdivide, keep the house for income, and sell the vacant land.  It is zoned "neighborhood commercial" which allows for retail or office space or up to 8 units/acre multi-family provided the MF units are connected to a commercial structure.  So a storefront with apartments/condos behind it could work.

I won't know the exact acreage and dimensions until I have it surveyed for subdividing, and I won't do that until I have an interested buyer, but the raw land portion is approximately 150ft wide and 500ft deep with at least 100ft of road frontage.

Comps in the area are >125K/acre.  Will probably list at 199K, but would rather leave some meat on the bone than wait for the very best offer.

PM me if you're interested.