$900,000

About This Property

R-2 Multifamily Development Opportunity - Corner Lot Near Park Circle Recently zoned R-2 Multifamily by the City of North Charleston, this 0.8-acre corner lot (a combination of 1634 and 1628 Sumner Avenue TMS# 473-14-00-099) offers exceptional potential for new multifamily development. R-2 Zoning allows for stacked apartments, row townhomes up to 8 units per building, and duplexes. A new survey has been completed marking property corners and setbacks. There are no easements. The new survey and City of North Charleston's R-2 multifamily guidelines are available under documents. The current rendering photo was generated via A.I. and illustrates potential townhomes based loosely upon city guidelines. Final site plan is subject to approval from City of N. Charleston Zoning and Planning.The properties currently include two homes and one mobile home, all conveying at no value. It's ideally situated between Stallion Grove Apartments to the rear and Read Street Apartments to the right, with the Charleston Farms Community Center--featuring a community garden --directly across the street. This is a rare opportunity to invest early in an area experiencing rapid growth and redevelopment. Just one block away, Attaway Street connects Charleston Farms to the vibrant Park Circle community -- home to popular restaurants, nightlife, and boutique shopping.

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