Address: 2063 N Main St, Summerville, SC 29486, USA
- • 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
- Crossroads
- • Seller would entertain a build to suit as well.
- • Very broad zoning allowing most
- commercial businesses.
Property 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.