Rare redevelopment opportunity in Old Mount Pleasant on 1.06 acres. Base Zoning is AB, Area Wide Business, and in zoning overlay CDR-OD - Village Scale Pedestrian. Property has many potential and conditional uses, including multifamily with retail on the base floor, Brewery, a boutique hotel, a restaurant and more. Located immediately off Coleman Blvd, widely considered the retail corridor of Mt. Pleasent. Situated between the peninsula and the beaches, this location can not be beaten.
| Acres | 1.06 |
| City Name | Mount Pleasant |
| County | Charleston |
| State | SC |
| Property Type | Land |
| Postal Code | 29464 |
| Landsize Units | 1.0600Acre |
| Status | Active |
| Parcel Number | 5320600279 |
| Title | 1 Multi-Use Acre in Mt Pleasant - Corner Lot! |
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.
