00 Glenn McConnell Pky - Apartments FOR SALE


Charleston, SC 29414- West Ashley
$7,700,000 USD
843-343-1351
00 Glenn McConnell Pky, Charleston, SC for Sale
$7,700,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

00 Glenn McConnell Pky
Charleston, SC 29414
West Ashley


OVERVIEW

Oswald Cooke & Associates is pleased to announce a 33+/- acre multi-family tract of land that is a part of the Harmony Development Agreement. This tract is entitled to 240 units classified as Active Adult Multi-Family in the City of Charleston. Up to 55 of those units can be used as row/town/patio attached homes or all units can be stacked. There is also a 4.37+ acre commercial tract with a maximum 16,000 SF space available. The development also includes a 52+ acre permanent green space. The green space will include bike and pedestrian paths that will connect to West Ashley Park.  The Bees Ferry/Glenn McConnell corridor will serve the many current and future residents in the area. There are 94,000+ residents in the 5-mile radius, with multiple large communities just beginning to take shape in the immediate market.  Glenn McConnell Parkway has recently undergone a widening project to accommodate the growing residents. This corridor carries traffic to Interstate 526 and to Bees Ferry Road. The site is 2.5 Miles to Bon Secours - Roper St. Francis Hospital. Other retailers in the area include Wal-Mart, Harris Teeter, Starbucks, Zaxby’s, Sonic, Sherwin Williams, Doctors Care, Roper St. Francis Urgent Care, and many others.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$32 USD /SF

# OF UNITS

240

PRICE/UNIT

$32,083

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

167 AC

LAND SF

7,274,537 SF

ZONING

-

APN/PARCEL ID

3060000003

ASK ABOUT THIS PROPERTY

Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

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Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.