Development opportunity in an emerging submarket of Charleston. Perfect for residential or general commercial. The 9.07 acres abuts to the new DR Horton residential development, which is projected to add 181 homes and is undergoing development. Located 15.8 miles from West Ashley shopping, 21.1 miles from downtown Charleston, and 27 miles from Edisto Beach. Hollywood SC code of Ordinances Sec.58-99.-GC General commercial allows single-family, patio-home, and multifamily development in addition to traditional commercial usages. Due to high job growth in primary markets and overall housing demand, this opportunity presents a much-needed solution to the market's current shortage of availability.*Owner financing/land lease options available
| Acres | 9.07 |
| City Name | Hollywood |
| County | Charleston |
| State | SC |
| Property Type | Land |
| Postal Code | 29449 |
| Landsize Units | 9.0700Acre |
| Status | Active |
| Parcel Number | 1630000056 |
| Title | Prime 9+ Acre Opportunity |
Listed by: Matt O''Neill Real Estate
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.
