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2356 Highway 176 Highway, Summerville, SC, 29486 | $10,000,000
THE BEST CORNER IN BERKELEY COUNTY FOR COMMERCIAL DEVELOPMENT. Situated on the corner between Black Tom Road, Jedburg Road, Cooper store Road, and Highway 176. Less than 1500 feet to the backside of the Cane Bay development, 5 miles to I 26, 2 miles to the new school, and less than 10 minutes to Nexton. What you have found in this property is a gold mine!! There is no better visibility for the future of Berkeley County. A new 4 Lane Highway has been proposed to the front of this property which boast almost 1000 feet of road frontage on 176 and 3200 feet of road frontage on Black Tom Road. The value on this property is so much greater than the asking price. A portion of the property is zoned GC and features a car dealership currently. Another portion of the property is zoned Flex1 and contains more than 65 acres of primarily open fields. The final parcel is zoned residential and features a beautiful custom built brick home with a detached garage and inground swimming pool. This home would be a perfect spot for a venue. The lower price per acre for the area reflects the sellers interest in selling all of the land together. Residential development is not a preferred use on this property. Three TMS numbers do exist in this sale. The beautiful homesite is very secluded by mature trees and borders a naturally fed spring on approximately 12 acres. This parcel includes a home of approximately 5200sqft. , 6 bedrooms, 3. 5 baths with an all brick exterior. There is also 2 sheds/barns and a 2-car garage. The beautiful homesite is very secluded by mature trees and borders a naturally fed spring on approximately 12 acres. The county has lifted the moratorium on this property for commercial development in the past.
Features
- Amenities: Walk/Jog Trails
- Zoning: Agricultural,Commercial,Mobile Home,Other,Residential
- Development: 75 - Cross, St.Stephen, Bonneau, Rural Berkeley Cty
- Lot Desc: 10+ Acres, Corner Lot, Graded, High, Level, Other, Wooded
- Elem. School: Cane Bay
- Middle School: Cane Bay
- High School: Cane Bay High School
- MLS#: 26013541
- Days on Market: 17 days
- Website: https://www.raveis.com
/prop/26013541/2356highway176highway_summerville_sc?source=qrflyer
Listing courtesy of The Real Estate Firm
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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- Provides a guaranteed closing date that meets your needs
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2356 Highway 176 Highway, Summerville, SC, 29486
$10,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $8,000,000 | $8,000,000 | $8,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.361% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $47,964 | $49,257 | $67,509 |
| Total Monthly Payment | $48,089 | $49,382 | $67,634 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484