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Commercial

35 ACRES JOHNS ISLAND DEVELOPMENT

3189 Edenvale Rd, Johns Island, SC 29455

Listing Price: $2,500,000

Lot Size
35.00 acres
Price/Acre
$71,429
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in 35.47 acres of developable land located just off of Bohicket Road in Johns Island, South Carolina. The subject property, located in the greater Charleston MSA, is ideal for a multifamily/housing development or other commercial use to meet the continually growing demand for housing and business in the area. Maybank Highway, the main highway connecting Johns Island to James Island and other submarkets of Charleston, is 3 miles from the subject property. Located along the Atlantic seaboard, the Charleston metro encompasses Charleston, Berkeley and Dorchester counties in southeastern South Carolina. A favorable business climate is helping draw companies and workers to the region. Vehicle manufacturing in particular is growing with recent expansions at Mercedes-Benz and Volvo. Walmart also recently developed a 3 million square-foot distribution center in Ridgeville. The metro population has grown by roughly 243,000 people since 2000 and the market is forecast to receive another 75,000 people through 2024. Charleston is the largest city in the metro with 142,000 residents, followed by North Charleston with 109,800.

Investment Highlights

  • Approximately 35.47 Acres of Developable Land in the Johns Island Submarket of Charleston MSA
  • Ideal Redevelopment for Multifamily, Single-Family, or Other Commercial Use | Property is Offered at Roughly $70,000/Acre
  • Located Just Off of Bohicket Road, The Main Access Road to Kiawah Island and Seabrook Island
  • Property has 3 Berkeley Electrical Hubs, 2 Septic Systems, and 2 Entrances
  • 3 Miles from Maybank Highway | Roughly 46,000 Vehicles Per Day | Johns Island is a High Growth Area with Multiple New Developments Including Wooddale
  • Subdivision (430 New Single Family Homes)
  • Subject Property Includes 3,520 SF House, Horse Barn, and Tennis Facility | No Wetlands on Property

Exclusively Listed By

Commercial

35 ACRES JOHNS ISLAND DEVELOPMENT

Listing Price: $2,500,000

Lot Size
35.00 acres
Price/Acre
$71,429
Land Type
Land

Investment Highlights

  • Approximately 35.47 Acres of Developable Land in the Johns Island Submarket of Charleston MSA
  • Ideal Redevelopment for Multifamily, Single-Family, or Other Commercial Use | Property is Offered at Roughly $70,000/Acre
  • Located Just Off of Bohicket Road, The Main Access Road to Kiawah Island and Seabrook Island
  • Property has 3 Berkeley Electrical Hubs, 2 Septic Systems, and 2 Entrances
  • 3 Miles from Maybank Highway | Roughly 46,000 Vehicles Per Day | Johns Island is a High Growth Area with Multiple New Developments Including Wooddale
  • Subdivision (430 New Single Family Homes)
  • Subject Property Includes 3,520 SF House, Horse Barn, and Tennis Facility | No Wetlands on Property

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in 35.47 acres of developable land located just off of Bohicket Road in Johns Island, South Carolina. The subject property, located in the greater Charleston MSA, is ideal for a multifamily/housing development or other commercial use to meet the continually growing demand for housing and business in the area. Maybank Highway, the main highway connecting Johns Island to James Island and other submarkets of Charleston, is 3 miles from the subject property. Located along the Atlantic seaboard, the Charleston metro encompasses Charleston, Berkeley and Dorchester counties in southeastern South Carolina. A favorable business climate is helping draw companies and workers to the region. Vehicle manufacturing in particular is growing with recent expansions at Mercedes-Benz and Volvo. Walmart also recently developed a 3 million square-foot distribution center in Ridgeville. The metro population has grown by roughly 243,000 people since 2000 and the market is forecast to receive another 75,000 people through 2024. Charleston is the largest city in the metro with 142,000 residents, followed by North Charleston with 109,800.

Exclusively Listed By

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