Multi-Family & Office Development Opportunity

Highlights:

• Average Floor Size: 30000.0

Description:

Upper Peninsula in Charleston, near Interstate 26 and the Magnolia Landing project.

Rare 1.67-acre UP-zoned development site at 1705 Meeting Street Road in Charleston's Upper Peninsula. Preliminary assumptions support up to 12 stories, either ±360,000 SF of office or 250-275 multifamily units with 8,000-12,000 SF of commercial, subject to approvals. Existing clubhouse, junior Olympic pool, gym, F&B outlets, and event space. Near I-26 and Magnolia Landing, a 192-acre mixed-use community under construction. Opportunity Zone and Qualified Census Tract. JV with owner may be available. Buyer to verify zoning, density, incentives, utilities, acreage, and all development assumptions.

Investment highlights
UP Zoning Allowance
Allows for increased vertical construction & density with proper incentives.
Tax-Saving Implications
QCT (Qualified Census Tract)
Opportunity Zone
JV with Current Owner
Existing Infrastructure
5,000 SF Clubhouse
Junior Olympic Heated & Cooled Swimming Pool
2,500 SF GYM
3 F&B Outlets & 6,000 SF of Event Space

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Listing ID: b4017118-817a-44ec-8b50-25009b01d9e1