62 Gadsden St Charleston SC 29401 MLS# 1030376

Posted By Marshall Walker @ Dec 3rd 2010 8:40pm In: Historic Charleston

62  Gadsden St Charleston, SC 29401
62 Gadsden St
BR 1030376 - Residential real estate
Charleston, SC

Six fee simple lots, SOUTH OF CALHOUN. Superb and safe location one block to MUSC and Roper Hospital, walking distance to College of Charleston, Colonial Lake, shopping and dining. Lot has already been subdivided into 6 fee simple lots and is Zoning approved for 6 elevated townhouses w/garages and fenced backyards (3 units of 2 attached homes w/ cementitious firewall in middle). Approved building footprints would allow 1,500 to 1,700 heated square feet plus garage. Curb cuts approved and permitted from SCDOT. Project only needs design approval from BAR to go vertical. Substantial parking income from 30 cars is currently being generated (prior to going vertical). Seller is experienced and can assist with the City of Charleston authorities for final design approval, permitting, and construction management if desired. All existing engineering for site conveys to buyer. Highly significant estimated profit potential based on Harleston Village comps and projected "all-in" turn-key construction costs of custom built homes with cement or metal foundation pilings, Certified Green Build, granite, landscaping, driveways, fencing, hardwood flooring, custom molding, high ceilings, etc. Seller may assist Purchaser with obtaining favorable construction financing package, if desired. Two units at a time can be built (while a portion of parking revenue is still collected). A highly unique opportunity to have 6 favorably priced, scarce building lots South of Calhoun generating substantial parking income, giving Purchaser the latitude to start planning and construction in their time frame.

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