25 Old Jericho Road, Beaufort, SC 29906

$1,400,000

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List Price
$1,400,000
Status
ACTIVE
Days on Market
101
MLS#
196114
Subtype
Commercial Sale
Year Built
1956
Lot Size
223,768
Acres
5.14
Subdivision
Burton
MLS Area Major
Burton

Property Description

Strategic ±5.137-acre redevelopment opportunity zoned T5-UC/RMX within the City of Beaufort, positioned between Parris Island Gateway and Highway 170 on Old Jericho Rd. This five-parcel assemblage's zoning allows for a broad range of permitted uses including multifamily, single-family, retail, office, and other commercial concepts, with light industrial or manufacturing offered as conditional uses. Property was preliminary approved for an affordable housing tax credit development; full set of plans in hand. Parcels currently contain multiple single family houses and mobile homes, which are in month-to-month leases. Water, sewer, electricity, and gas are already on-site, and topography is relatively level. At the current asking price, the property offers a compelling value proposition.

Additional Information

Taxes
$8,955
Zoning
Mixed Use
Stories
1

Courtesy of Principal Advisors, from Lowcountry Regional MLS.

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This information is deemed reliable, but not guaranteed. Neither the Lowcountry Regional MLS, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Lowcountry Regional MLS for use by its members and is not intended for use for any other purpose.