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Mixed-Use

Downtown Charleston | Corner Lot Opportunity Zone

1114 Morrison Dr, Charleston, SC 29403

Listing Price: $1,950,000

Gross SF
1,569
Rentable SF
1,569
Price/Gross SF
$1,242.83
Lot Size
0.19 acres
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in 1114 Morrison Drive, a redevelopment opportunity located in the highly sought-after East Central/ NoMo neighborhood of Charleston’s Upper Peninsula. Positioned in an opportunity zone, the vacant property offers multiple value-add components and is ideal for redevelopment, an owner user, filling vacancy, or re-purposing. The property is in a zoning district specifically designed to encourage growth; the Upper Peninsula Zoning District (UP) offers a wide range of permitted uses. Situated on a hard corner lot, the subject property rests on approximately 0.19 acres and is within walking distance to the city’s most popular restaurants and numerous up-scale developments. Directly adjacent to the property is The Morris, a brand new 115,000 SF office development and is located within 3 blocks of the Charleston Tech Center.

Investment Highlights

  • Vacant Redevelopment Opportunity in Charleston, SC | Located in an Opportunity Zone | Primely Positioned in One of Charleston's Most Thriving Neighborhoods of East Central/NoMo
  • Hard Corner Lot | Directly Adjacent to The Morris, a Brand New 115,000 SF Urban Premier Office Development
  • Highly Sought-After Area | Popular Dining Scene & Booming Location for Local Businesses & Technology Companies
  • Over 1,100+ Units of Newly Developed Mid-Upper Scale Apartments Less than ½ Mile of the Property | Excellent Visibility via Morrison Dive (15,800+ VPD) | Less than a 1-Minute Drive to I-26 (75,500+ VPD)
  • Close Proximity to Charleston International Airport, Charleston Naval Complex, & Recently Expanded Ports | Charleston is Considered to be in the Top 10 Fastest Growing Markets in the U.S. | MSA Growing 3X U.S. Average

Exclusively Listed By

Mixed-Use

Downtown Charleston | Corner Lot Opportunity Zone

Listing Price: $1,950,000

Gross SF
1,569
Rentable SF
1,569
Price/Gross SF
$1,242.83
Lot Size
0.19 acres
Year Built
1978

Investment Highlights

  • Vacant Redevelopment Opportunity in Charleston, SC | Located in an Opportunity Zone | Primely Positioned in One of Charleston's Most Thriving Neighborhoods of East Central/NoMo
  • Hard Corner Lot | Directly Adjacent to The Morris, a Brand New 115,000 SF Urban Premier Office Development
  • Highly Sought-After Area | Popular Dining Scene & Booming Location for Local Businesses & Technology Companies
  • Over 1,100+ Units of Newly Developed Mid-Upper Scale Apartments Less than ½ Mile of the Property | Excellent Visibility via Morrison Dive (15,800+ VPD) | Less than a 1-Minute Drive to I-26 (75,500+ VPD)
  • Close Proximity to Charleston International Airport, Charleston Naval Complex, & Recently Expanded Ports | Charleston is Considered to be in the Top 10 Fastest Growing Markets in the U.S. | MSA Growing 3X U.S. Average

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in 1114 Morrison Drive, a redevelopment opportunity located in the highly sought-after East Central/ NoMo neighborhood of Charleston’s Upper Peninsula. Positioned in an opportunity zone, the vacant property offers multiple value-add components and is ideal for redevelopment, an owner user, filling vacancy, or re-purposing. The property is in a zoning district specifically designed to encourage growth; the Upper Peninsula Zoning District (UP) offers a wide range of permitted uses. Situated on a hard corner lot, the subject property rests on approximately 0.19 acres and is within walking distance to the city’s most popular restaurants and numerous up-scale developments. Directly adjacent to the property is The Morris, a brand new 115,000 SF office development and is located within 3 blocks of the Charleston Tech Center.

Exclusively Listed By

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