Three adjoining parcels are available for the first time in decades in a rare opportunity to acquire +/-1.4 acres of high ground on the peninsula in the Opportunity Zone.975 Morrison Parcel A: +/-.566 acres $2.8 million 975 Morrison Parcel B: +/- .242 acres $1.4 million989 Morrison: +/- .590 acres $4.5 millionTOTAL +/- 1.398 acres $8.7 millionPRICE PER ACRE $6.2 millionOutstanding NoMo location directly across from 930 NoMo, a 430-bed high-end student rental complex.
| Acres | 0.24 |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Land |
| Postal Code | 29403 |
| Square Feet | 2148 SF |
| Landsize Units | 0.2400Acre |
| Status | Active |
| Parcel Number | 4590101083 |
| Title | 975 Morrison Drive, Parcel B |
| Year Build | 1981 |
| Zoning | City of Charleston - UP - Upper Peninsula |
Listed by: East Rock Properties, LLC
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
