2063 N Main St
$3,500,000
2063 N Main St Summerville, SC 29486
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About this listing
DESCRIPTION
This is a rare opportunity to acquire a high-potential commercial development positioned for strong long-term income and
value growth. Based on projected rental rates of approximately $35.00 per square foot, the proposed 24,650 SF development
has the potential to generate an estimated annual gross income of approximately $862,750. At a projected 7% capitalization
rate, the property could support an estimated stabilized valuation of approximately $12.3 million.
Even more compelling, the property is being offered with permits already in place, significantly reducing development
timeline and risk. Extensive due diligence materials — including wetland studies, soil reports, groundwater analysis, and site
evaluations — have already been completed and are available upon request, providing investors and developers with a
valuable head start toward bringing this project to life.
HIGHLIGHTS
- • 2.80 Acres For Sale to be developed.
- • 42,000 AADT 2022 (SCDOT).
- • All utilities are at the site.
- • Property located on a corner with two access
- points.
- • Value buy located between Nexton and Carnes
AREA
Corner 2.8-acre commercial parcel on N Main Street between Nexton and Carnes Crossroads with 42,000 AADT and full utilities already on site.
-
Building Size
1,737 sqft
-
Lot Area
118,343 sqft
-
Zoning
GC
-
MLS ID
Not Available
